Home > Entrepreneurship > Applied Intuition Raises $175M for Automotive Software Tools | Daily Business Review – Law.com

Applied Intuition Raises $175M for Automotive Software Tools | Daily Business Review – Law.com

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.