Hyperdrive
Applied Intuition Raises $175 Million for Automotive Software Tools
- Applied Intuition valued at $3.6 billion in financing round
- Startup counts GM, Daimler, Toyota and VW as customers
Source: Applied Intuition
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Applied Intuition Inc., which makes software development tools for automotive engineers, has raised $175 million as automakers pile more software into cars.
Addition Capital, Coatue Management and serial entrepreneur Elad Gil led the funding round in the Mountain View, California-based company, now worth $3.6 billion -- nearly triple the valuation from another round last year.