Applied Intuition raises $40 million for autonomous vehicle…

 Applied Intuition raises $40 million for autonomous vehicle simulation tools | VentureBeat

Applied Intuition today announced that it has secured $40 million in a series B round led by General Catalyst, with participation from Kleiner Perkins, Microsoft’s M12, Sozo Ventures, and La Famiglia. Previous investors Andreessen Horowitz, Lux Capital, and Floodgate also contributed, bringing the two-year-old Sunnyvale, California-based company’s total raised to over $50 million, following an $11.5 million series A in September 2018.

After a successful two years spent attracting the business of unnamed driverless vehicle, mining, and delivery robot companies in Silicon Valley, Detroit, Europe, and Asia, they’re gearing up for expansion with fresh capital in tow.

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