QIA and ADIC Join USD 600M Round for US Vehicle AI Firm Applied Intuition

The sovereign wealth funds of Abu Dhabi and Qatar have made their first strategic investment in Applied Intuition, a California-based leader in vehicle intelligence software. The Abu Dhabi Investment Council (ADIC) and the Qatar Investment Authority (QIA) participated in the company’s massive $600 million Series F funding round, which values the US tech firm at $15 billion.

Gulf Sovereign Funds Place Strategic Bet on Future of Mobility

This landmark investment by two of the most influential financial institutions in the Middle East underscores a broader strategy to diversify their economies and secure significant stakes in high-growth global technology sectors. By backing Applied Intuition, the UAE and Qatari funds are investing in the critical infrastructure that will power the future of transportation, including autonomous vehicles and advanced driver-assistance systems (ADAS). This move aligns with their national visions to be at the forefront of technological innovation.

The Target: Applied Intuition’s Industry-Leading Platform

Applied Intuition has become a go-to partner for most of the world’s top automakers. The company provides an advanced software and simulation platform that allows car manufacturers to test and validate their autonomous systems safely and efficiently in a virtual environment before deploying them on public roads. This technology is essential for accelerating the development of safe and reliable autonomous vehicles, making Applied Intuition a category leader and a highly attractive investment.

A Landmark Round for a Global Tech Leader

The participation of ADIC and QIA was part of a major $600 million Series F funding round, a testament to Applied Intuition’s market leadership and immense growth potential. The round’s $15 billion valuation places the company among the most valuable private technology firms in the world, justifying the strategic interest from major global investors.

About the MENA Investors

• Abu Dhabi Investment Council (ADIC): A key sovereign wealth fund from the capital of the United Arab Emirates, responsible for deploying strategic government investments across a diverse global portfolio.
• Qatar Investment Authority (QIA): The sovereign wealth fund of the State of Qatar, a major global investment powerhouse with a focus on diversifying the nation’s economy through long-term strategic investments.

About Applied Intuition

Applied Intuition is a US-based company that provides software solutions to accelerate the autonomy, safety, and reliability of vehicles. Its suite of products, focused on simulation and data analytics, is used by top automotive and technology companies worldwide to develop the next generation of transportation.

Looking Ahead: Deepening MENA’s Ties to Global AI and Mobility

This investment creates a powerful bridge between significant MENA capital and cutting-edge Silicon Valley innovation. For ADIC and QIA, it’s a strategic entry point into the future of mobility and AI. For Applied Intuition, it brings on board long-term capital partners with a global perspective, potentially paving the way for future collaborations and the deployment of autonomous technology in the Middle East.

Source: Middle East AI News

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