Company:Applied Intuition: Difference between revisions

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| founded = {{start date and age|2017}}
| founded = {{start date and age|2017}}
| hq_location = Mountain View, California, U.S.
| hq_location = Mountain View, California, U.S.
| num_employees = 201-500 (2024)<ref>{{Cite web |date=March 8, 2024 |title=Applied Intuition Linkedin |url=https://www.linkedin.com/company/applied-intuition-inc/about |website=Linkedin |access-date=March 8, 2024 }}</ref>
| num_employees = 201-500 (2024)<ref>{{Cite web |date=March 12, 2024 |title=Applied Intuition valued at $6 billion in new funding round |url=https://www.autonews.com/technology/applied-intuition-valued-6-billion-new-funding-round |website=Automotive News |access-date=September 4, 2024 }}</ref>
| website = {{URL|https:/applied.co}}
| website = {{URL|https://www.appliedintuition.com/}}
| founders = {{Unbulleted list|Qasar Younis|Peter Ludwig}}
| founders = {{Unbulleted list|Qasar Younis|Peter Ludwig}}
}}
}}


'''Applied Intuition''' is an American [[HandWiki:Software|software]] company founded by Qasar Younis and Peter Ludwig in 2017, which develops simulation and infrastructure tooling for the development of autonomous vehicles.
'''Applied Intuition''' is an American [[HandWiki:Software|software]] company specializing in products for creating autonomous vehicles (AVs)<ref name=":Reuters">{{Cite web|date=2024-03-12|title=Vehicle software maker Applied Intuition raises $250 mln from Porsche, others|url=https://www.reuters.com/business/autos-transportation/vehicle-software-supplier-applied-intuition-raises-250-mln-6-bln-valuation-2024-03-12/|access-date=2024-08-30|website=Reuters|language=en}}</ref> and advanced driver-assistance systems (ADAS). <ref name=":VentureBeat2024">{{Cite web|date=2024-06-17|title=Applied Intuition debuts AI software helping autonomous systems navigate across all terrains|url=https://venturebeat.com/ai/applied-intuition-debuts-ai-software-helping-autonomous-systems-navigate-across-all-terrains/|access-date=2024-08-30|website=VentureBeat|language=en}}</ref> Founded in 2017 and based in Mountain View, California, Applied Intuition develops tools for the development, testing, and deployment of AV and ADAS technologies in various industries, including automotive, trucking,<ref name=":VentureBeat2024" /> defense,<ref name=":TechCrunchMarch2024">{{Cite web|date=2024-03-12|title=Applied Intuition lands $6B valuation for AI-powered autonomous vehicle software|url=https://techcrunch.com/2024/03/12/applied-intuition-series-e-raise-funding-andreessen-lux/|access-date=2024-08-30|website=TechCrunch|language=en}}</ref> agriculture, <ref name=":HBS">{{Cite web|date=2024-02-12|title=Applied Intuition: Powering Autonomy|url=https://www.hbs.edu/faculty/Pages/item.aspx?num=62246/|access-date=2024-08-30|website=Harvard Business School|language=en}}</ref> construction, <ref name=":AutomotiveNews">{{Cite web|date=2024-03-12|title=Applied Intuition valued at $6 billion in new funding round|url=https://www.autonews.com/technology/applied-intuition-valued-6-billion-new-funding-round|access-date=2024-08-30|website=AutomotiveNews|language=en}}</ref> and mining.  <ref name=":CrunchbaseNews">{{Cite web|date=2024-03-12|title=Autonomous Vehicle Startup Applied Intuition Hits $6B Valuation After $250M Series E|url=https://news.crunchbase.com/transportation/applied-intuition-valuation-autonomous-vehicle-startup-funding/|access-date=2024-08-30|website=Crunchbase News|language=en}}</ref> The company leverages artificial intelligence (AI) technology to provide automakers and other entities with solutions to simulate driving scenarios in the development of autonomous systems. <ref name=":VentureBeat2024" /><ref name=":Bloomberg">{{Cite web|date=2021-11-11|title=Applied Intuition valued at $6 billion in new funding round|url=https://www.bloomberg.com/news/articles/2021-11-11/google-vets-raise-175-million-for-automotive-software-tools|access-date=2024-08-30|website=Bloomberg|language=en}}</ref>
 
Applied Intuition products are used by 18 of the leading 20 global automakers. In addition to automotive manufacturers, Applied Intuition has worked with companies developing self-driving trucks, self-driving taxis, and robots for use in warehouses. <ref name=":Forbes">{{Cite web|date=2020-10-23|title=Applied Intuition Reaches $1.25 Billion Valuation In New Funding For Its Autonomous Vehicle Testing Software|url=https://www.forbes.com/sites/alexkonrad/2020/10/22/autonomous-vehicle-software-startup-applied-intuition-valued-above-1-billion/#1b6a5e671f53|access-date=2024-08-30|website=Forbes|language=en}}</ref>
 
In 2024 Applied Intuition completed a $250 million Series E funding round and a subsequent $300 million secondary offering, and achieved a valuation of $6 billion. <ref name=":Reuters" /><ref name=":Bloomberg2024">{{Cite web|date=2024-07-25|title=Startup Applied Intuition Closes on $300 Million Secondary Deal|url=https://www.bloomberg.com/news/articles/2024-07-25/applied-intuition-brings-in-300-million-in-secondary-deal|access-date=2024-08-30|website=Bloomberg|language=en}}</ref> Investors include Andreessen Horowitz, Fidelity Investments, Kleiner Perkins, Microsoft’s venture capital arm M12, and Porsche Investments Management. <ref name=":TechCrunchMarch2024" /><ref name=":Bloomberg2024" /><ref name=":WSJ2019">{{Cite web|date=2019-09-12|title=Applied Intuition, Whose Software Tests Self-Driving Cars, Grabs $40 Million|url=https://www.wsj.com/articles/applied-intuition-whose-software-tests-self-driving-cars-grabs-40-million-11568286002|access-date=2024-08-30|website=Wall Street Journal|language=en}}</ref>


The company is headquartered in Mountain View, California with offices in Detroit, [[Place:Tokyo|Tokyo]], [[Place:Seoul|Seoul]], and [[Place:Munich|Munich]].<ref name=":1">{{Cite web|date=2020-11-20|title=倉庫・工場でも自動運転 仮想試験の米新興、日本進出へ|url=https://www.nikkei.com/article/DGXMZO66441880Z11C20A1TJ1000|access-date=2020-12-23|website=日本経済新聞|language=ja}}</ref><ref>{{Cite web|title=Qasar Younis: Dieser Gründer will autonomes Fahren schneller möglich machen|url=https://www.handelsblatt.com/unternehmen/mittelstand/familienunternehmer/qasar-younis-dieser-gruender-will-autonomes-fahren-schneller-moeglich-machen/25232612.html|access-date=2020-12-23|website=www.handelsblatt.com|language=de}}</ref>


== History ==
== History ==
Younis and Ludwig met while working at Google on the Google Maps team where Younis was working as a group product manager, and Ludwig as a product manager and engineer, before Younis left to join YCombinator in 2014.<ref>{{Cite web |date=August 26, 2015 |title=A new role for Qasar |url=https://www.ycombinator.com/blog/a-new-role-for-qasar|website=Ycombinator |access-date=March 8, 2024 }}</ref> Younis and Ludwig remained in contact and started Applied Intuition in January of 2017.
Applied Intuition was co-founded by Qasar Younis, a former chief operating officer at Y Combinator<ref name=":WashingtonPost">{{Cite news|date=2016-08-29|title=Inside Silicon Valley's most grueling ritual: Raising cash|url=https://www.washingtonpost.com/news/the-switch/wp/2016/08/29/inside-one-of-silicon-valleys-most-celebrated-rituals-raising-cash/|access-date=2024-08-30|newspaper=Washington Post|language=en}}</ref> and group product manager at Google, and Peter Ludwig, a former Google product manager and software engineer. <ref name=":HBS" /><ref name=":VentureBeat2019">{{Cite web|date=2019-09-12|title=Applied Intuition raises $40 million for autonomous vehicle simulation tools|url=https://venturebeat.com/ai/applied-intuition-raises-40-million-for-autonomous-vehicle-simulation-tools/|access-date=2024-08-30|website=Venture Beat|language=en}}</ref>  
 
Applied Intuition began by developing software for autonomy developers to test and validate software for autonomous vehicles in simulation, before growing their product offerings to support engineering workflows across [[Engineering:Advanced driver-assistance systems|advanced driver-assistance systems]].


=== Funding ===
The company’s first product was a motion simulator to enable AV developers to simulate, instead of road-test, certain problems that arose during the AV development process. It later created software tools intended to improve the process of developing autonomous vehicles. <ref name=":HBS" /> The company's primary offerings include a suite of simulation and testing software that enables vehicle manufacturers to create and refine AV systems by analyzing capabilities such as perception systems, vehicle dynamics, and overall software integration. <ref name=":TechCrunchJuly2024">{{Cite web|date=2024-07-25|title=Applied Intuition closes $300M secondary four months after raising $250M|url=https://techcrunch.com/2024/07/25/applied-intuition-300-million-secondary-fidelity/|access-date=2024-08-30|website=TechCrunch|language=en}}</ref> This development environment enables manufacturers to simulate driving scenarios to assess safety and functionality before deploying vehicles on actual roads. <ref name=":VentureBeat2019" />
In 2018, Applied Intuition announced a Series A investment of $11.5 million from [[Finance:Venture capital|venture capital]] firms including Andreessen Horowitz, Lux Capital, and Floodgate.<ref>{{Cite web|date=2019-09-12|title=Applied Intuition raises $40 million for autonomous vehicle simulation tools|url=https://venturebeat.com/2019/09/12/applied-intuition-raises-40-million-for-autonomous-vehicle-simulation-tools/|access-date=2020-12-01|website=VentureBeat|language=en-US}}</ref>


In September of 2019, Applied Intuition raised $40 million in Series B funding, led by General Catalyst and including Andreessen Horowitz, Kleiner Perkins, Lux Capital, [[Earth:Floodgate|Floodgate]], and La Famiglia, among others.<ref>{{Cite news |date=September 12, 2019 |title=Applied Intuition, Whose Software Tests Self Driving Cars, Grabs $40 Million|url=https://www.wsj.com/articles/applied-intuition-whose-software-tests-self-driving-cars-grabs-40-million-11568286002|access-date=March 8, 2024 |url-status=live }}</ref>
In June 2024, Applied Intuition announced an off-road autonomy stack, a software set designed to enable autonomous systems to navigate complex, unstructured terrains. This advanced technology integrates various sensors and algorithms to support off-road operations in industries such as mining, agriculture, and defense. <ref name=":VentureBeat2024" />


In October of 2020, Applied Intuition raised $125 million in a Series C financing round, from Andreessen Horowitz, Lux Capital, and General Catalyst.<ref>{{Cite news|date=October 27, 2020 |title=Applied Intuition raises $125M Series C from existing investors Lux Capital, Andreessen Horowitz, and General Catalyst |url=https://www.prnewswire.com/news-releases/applied-intuition-raises-125m-series-c-from-existing-investors-lux-capital-andreessen-horowitz-and-general-catalyst-301159996.html|access-date=March 8, 2024 |url-status=live }}</ref>
Applied Intuition has partnered with leading automotive manufacturers, including Porsche and Audi, to develop next-generation ADAS offerings. Porsche announced in March 2024 it is partnering with Applied Intuition to jointly develop different fields of automotive software. In April 2024 Applied Intuition and Audi began partnering to develop automated driving systems that enhance vehicle autonomy and safety. <ref name=":Autombilwoche">{{Cite web|date=2024-04-23|title=Audi follows Porsche to Applied Intuition|url=https://www.automobilwoche.de/autohersteller/applied-intuition-neue-partnerschaft-mit-audi|access-date=2024-08-30|website=Automobilewoche|language=de}}</ref> In August 2024 Applied Intuition entered into partnership with truck manufacturer Isuzu Motors to jointly develop self-driving trucks, solidifying Isuzu’s plans to jointly develop self-driving trucks in support of Isuzu’s plans for trucks and buses with Level 4 automation, the capability to handle most driving situations without human intervention.<ref name=":NikkeiAsia">{{Cite web|date=2024-08-27|title=Isuzu to develop self-driving trucks with U.S. startup|url=https://asia.nikkei.com/Business/Automobiles/Isuzu-to-develop-self-driving-trucks-with-U.S.-startup|access-date=2024-08-30|website=Nikkei Asia|language=en}}</ref>


In November of 2021, Applied Intuition announced that it was raising $175 million in a Series D funding round led by Elad Gil, Addition Capital, and Coatue Management with a post money valuation of $3.6 billion.<ref>{{Cite news |date=November 11, 2021 |title=Applied Intuition Raises $175 million for Automotive Software Tools|url=https://www.bloomberg.com/news/articles/2021-11-11/google-vets-raise-175-million-for-automotive-software-tools?embedded-checkout=true|access-date=March 8, 2024 |url-status=live }}</ref>


== References ==
== References ==
{{Reflist}}
{{Reflist}}
{{Sourceattribution|Applied Intuition}}
{{Sourceattribution|Applied Intuition}}

Latest revision as of 08:37, 6 September 2024

Applied Intuition
TypePrivate
IndustryComputer Software
Founded2017; 7 years ago (2017)
Founders
  • Qasar Younis
  • Peter Ludwig
HeadquartersMountain View, California, U.S.
Number of employees
201-500 (2024)[1]
Websitewww.appliedintuition.com

Applied Intuition is an American software company specializing in products for creating autonomous vehicles (AVs)[2] and advanced driver-assistance systems (ADAS). [3] Founded in 2017 and based in Mountain View, California, Applied Intuition develops tools for the development, testing, and deployment of AV and ADAS technologies in various industries, including automotive, trucking,[3] defense,[4] agriculture, [5] construction, [6] and mining. [7] The company leverages artificial intelligence (AI) technology to provide automakers and other entities with solutions to simulate driving scenarios in the development of autonomous systems. [3][8]

Applied Intuition products are used by 18 of the leading 20 global automakers. In addition to automotive manufacturers, Applied Intuition has worked with companies developing self-driving trucks, self-driving taxis, and robots for use in warehouses. [9]

In 2024 Applied Intuition completed a $250 million Series E funding round and a subsequent $300 million secondary offering, and achieved a valuation of $6 billion. [2][10] Investors include Andreessen Horowitz, Fidelity Investments, Kleiner Perkins, Microsoft’s venture capital arm M12, and Porsche Investments Management. [4][10][11]


History

Applied Intuition was co-founded by Qasar Younis, a former chief operating officer at Y Combinator[12] and group product manager at Google, and Peter Ludwig, a former Google product manager and software engineer. [5][13]

The company’s first product was a motion simulator to enable AV developers to simulate, instead of road-test, certain problems that arose during the AV development process. It later created software tools intended to improve the process of developing autonomous vehicles. [5] The company's primary offerings include a suite of simulation and testing software that enables vehicle manufacturers to create and refine AV systems by analyzing capabilities such as perception systems, vehicle dynamics, and overall software integration. [14] This development environment enables manufacturers to simulate driving scenarios to assess safety and functionality before deploying vehicles on actual roads. [13]

In June 2024, Applied Intuition announced an off-road autonomy stack, a software set designed to enable autonomous systems to navigate complex, unstructured terrains. This advanced technology integrates various sensors and algorithms to support off-road operations in industries such as mining, agriculture, and defense. [3]

Applied Intuition has partnered with leading automotive manufacturers, including Porsche and Audi, to develop next-generation ADAS offerings. Porsche announced in March 2024 it is partnering with Applied Intuition to jointly develop different fields of automotive software. In April 2024 Applied Intuition and Audi began partnering to develop automated driving systems that enhance vehicle autonomy and safety. [15] In August 2024 Applied Intuition entered into partnership with truck manufacturer Isuzu Motors to jointly develop self-driving trucks, solidifying Isuzu’s plans to jointly develop self-driving trucks in support of Isuzu’s plans for trucks and buses with Level 4 automation, the capability to handle most driving situations without human intervention.[16]


References

  1. ↑ "Applied Intuition valued at $6 billion in new funding round". March 12, 2024. https://www.autonews.com/technology/applied-intuition-valued-6-billion-new-funding-round. 
  2. ↑ 2.0 2.1 "Vehicle software maker Applied Intuition raises $250 mln from Porsche, others" (in en). 2024-03-12. https://www.reuters.com/business/autos-transportation/vehicle-software-supplier-applied-intuition-raises-250-mln-6-bln-valuation-2024-03-12/. 
  3. ↑ 3.0 3.1 3.2 3.3 "Applied Intuition debuts AI software helping autonomous systems navigate across all terrains" (in en). 2024-06-17. https://venturebeat.com/ai/applied-intuition-debuts-ai-software-helping-autonomous-systems-navigate-across-all-terrains/. 
  4. ↑ 4.0 4.1 "Applied Intuition lands $6B valuation for AI-powered autonomous vehicle software" (in en). 2024-03-12. https://techcrunch.com/2024/03/12/applied-intuition-series-e-raise-funding-andreessen-lux/. 
  5. ↑ 5.0 5.1 5.2 "Applied Intuition: Powering Autonomy" (in en). 2024-02-12. https://www.hbs.edu/faculty/Pages/item.aspx?num=62246/. 
  6. ↑ "Applied Intuition valued at $6 billion in new funding round" (in en). 2024-03-12. https://www.autonews.com/technology/applied-intuition-valued-6-billion-new-funding-round. 
  7. ↑ "Autonomous Vehicle Startup Applied Intuition Hits $6B Valuation After $250M Series E" (in en). 2024-03-12. https://news.crunchbase.com/transportation/applied-intuition-valuation-autonomous-vehicle-startup-funding/. 
  8. ↑ "Applied Intuition valued at $6 billion in new funding round" (in en). 2021-11-11. https://www.bloomberg.com/news/articles/2021-11-11/google-vets-raise-175-million-for-automotive-software-tools. 
  9. ↑ "Applied Intuition Reaches $1.25 Billion Valuation In New Funding For Its Autonomous Vehicle Testing Software" (in en). 2020-10-23. https://www.forbes.com/sites/alexkonrad/2020/10/22/autonomous-vehicle-software-startup-applied-intuition-valued-above-1-billion/#1b6a5e671f53. 
  10. ↑ 10.0 10.1 "Startup Applied Intuition Closes on $300 Million Secondary Deal" (in en). 2024-07-25. https://www.bloomberg.com/news/articles/2024-07-25/applied-intuition-brings-in-300-million-in-secondary-deal. 
  11. ↑ "Applied Intuition, Whose Software Tests Self-Driving Cars, Grabs $40 Million" (in en). 2019-09-12. https://www.wsj.com/articles/applied-intuition-whose-software-tests-self-driving-cars-grabs-40-million-11568286002. 
  12. ↑ "Inside Silicon Valley's most grueling ritual: Raising cash" (in en). Washington Post. 2016-08-29. https://www.washingtonpost.com/news/the-switch/wp/2016/08/29/inside-one-of-silicon-valleys-most-celebrated-rituals-raising-cash/. 
  13. ↑ 13.0 13.1 "Applied Intuition raises $40 million for autonomous vehicle simulation tools" (in en). 2019-09-12. https://venturebeat.com/ai/applied-intuition-raises-40-million-for-autonomous-vehicle-simulation-tools/. 
  14. ↑ "Applied Intuition closes $300M secondary four months after raising $250M" (in en). 2024-07-25. https://techcrunch.com/2024/07/25/applied-intuition-300-million-secondary-fidelity/. 
  15. ↑ "Audi follows Porsche to Applied Intuition" (in de). 2024-04-23. https://www.automobilwoche.de/autohersteller/applied-intuition-neue-partnerschaft-mit-audi. 
  16. ↑ "Isuzu to develop self-driving trucks with U.S. startup" (in en). 2024-08-27. https://asia.nikkei.com/Business/Automobiles/Isuzu-to-develop-self-driving-trucks-with-U.S.-startup. 


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