Toyota is one of the carmakers currently using Applied Intuition to test automation features going into production in its products. With the new funding, Applied Intuition’s valuation has reached $1.25 billion, according to two sources with knowledge of the deal. Founded in 2017 by Qasar Younis and Peter Ludwig, Applied Intuition pitches itself as a bridge between Silicon Valley and traditional automakers. It could be months before you have your engineering set up.”A look at Applied Intuition’s simulation software for autonomous vehicles. Like some cloud-based software businesses, Applied Intuition says its sales improved during the Covid-19 pandemic.

Source: Forbes October 22, 2020 15:00 UTC