Capital allows Applied Intuition to serve the increased demand for its software tools for autonomous system development Applied Intuition, Inc. has raised a $175 million Series D financing round co-led by Elad Gil, Addition, and Coatue Management at a $3.6 billion valuation. Existing investors, including Semil Shah, Andreessen Horowitz, General Catalyst, and Lux Capital, contributed significantly to the round, bringing Applied […]
Multi-year supply agreement will bring Aeva’s market-leading 4D LiDAR technology to autonomous trucks, starting in 2022 with the global deployment of Plus’s driver-in product followed by its fully driverless system Plus (formerly Plus.ai), a global provider of self-driving truck technology, has selected Aeva next-generation sensing and perception systems, to supply automotive grade long-range 4D LiDAR […]
Capital raised in this transaction will help achieve commercialization plans to bring self-driving trucks to the U.S. Sunbelt in 2024 Embark Trucks, Inc., a leading developer of autonomous technology for the trucking industry, has completed its previously announced business combination with Northern Genesis Acquisition Corp. II (“Northern Genesis 2”) (NYSE: NGAB) to take Embark public. […]
The funds will be used for the hyper-growth of autonomous trucking operations and to double employee headcount Kodiak Robotics, Inc., a leading self-driving trucking company has raised $125 million in an oversubscribed Series B fundraising round for a total of $165 million raised to date. The round includes investments from SIP Global Partners, Lightspeed Venture Partners, Battery Ventures, CRV, Muirwoods Ventures, Harpoon Ventures, StepStone Group, Gopher Asset […]
Torc is developing a Level 4 autonomous system for long-haul trucking in the US. Under Level 4 autonomy Torc Robotics, an independent subsidiary of Daimler Truck AG and a leader in Level 4 self-driving vehicle software for heavy-duty vehicles, and Applied Intuition, a simulation and software tools provider for autonomous vehicle development, announced a multi-year strategic […]
Gatik’s removal of the safety driver on its daily operations signifies a historic milestone in commercializing autonomous delivery safely and at scale in B2B short-haul logistics sector Gatik and Walmart Inc. are operating daily without a safety driver behind the wheel on its delivery route for Walmart in Bentonville, Arkansas, moving customer orders between a Walmart dark store […]
