Porsche Investments Management
23-25, rue des Bains, Luxembourg, LU-LU, 1212
Overview
Porsche Investments Management handles the venture capital investments by Porsche AG. The firm intends to actively identify and reach out to promising startups globally, integrating them into the Porsche ecosystem. The objective is consistently to establish mutually beneficial relationships: the emerging businesses gain from the extensive network and industrialization and production expertise of Porsche AG. In exchange, Porsche acquires inspiration and access to potentially groundbreaking innovations.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Finance
- Financial Services
- Venture Capital
Investment portfolio
- Applied Intuition
Led · Series E · Mar 2024
Applied Intuition makes simulation software and data-management tools that help companies and government agencies develop autonomous vehicle solutions. The company positions itself as a first call for software and AI problems, according to CEO Qasar Younis. Applied works with most major automakers and autonomous-vehicle companies such as Gatik and Kodiak. It has increasingly pushed into defense work after being asked by the U.S. Army to help bring autonomy to some vehicles. In one demonstration Applied converted an infantry squad vehicle from bare-bones to autonomous in 10 days, including building a "pedal-pushing" robot to physically operate the controls. Financially, the company closed a $600 million Series F at a $15 billion valuation after completing a $250 million Series E a year earlier that valued it at $6 billion. Applied Intuition builds software that other companies use to develop and test autonomous vehicle solutions for cars and other vehicles, including simulations to evaluate perception stacks and vehicle behavior systems. The company also provides tools to help customers efficiently process large volumes of autonomous-driving data. Applied Intuition says it has deals with "18 of the top 20 automakers," including General Motors, Toyota, and Volkswagen, and works with AV startups such as Gatik, Motional and Kodiak. Founded in 2017, co-founder Qasar Younis has said he wants the company to be the "first call" when automakers or defense companies have software or AI problems. Financially, the startup raised a $250 million Series E four months before completing an oversubscribed $300 million secondary sale that provided liquidity to employees and early backers. The business has attracted a stacked lineup of investors and continued strong interest from AI-focused investors. Applied Intuition builds software and simulation tools that automakers and other industries use to develop and test autonomous vehicle perception and behavior systems. The company provides large-scale simulation environments and data-management tools to let customers test and re-test systems at scale. It says it works with “18 of the top 20 automakers,” including General Motors, Toyota and Volkswagen, and with AV startups such as Gatik, Motional and Kodiak. Applied Intuition also holds a contract with the U.S. Army and the Defense Innovation Unit. Management plans to build more AI into its products—including work with large language models and more dynamic simulated environments—to accelerate vehicle development. The company recently completed a major equity financing, reflecting strong investor interest in AI that crosses into defense, construction and agriculture sectors. Applied Intuition equips engineering and product teams with software designed to make it faster, safer, and easier to bring autonomy to market. Its suite focuses on simulation, validation, and drive data management, with simulation products such as Simian, Spectral, and Orbis used since 2017 to test systems in virtual environments. Expanded offerings including Strada, Logstream, and Basis help teams train algorithms with real-world drive data, meet regulatory requirements, and prepare for commercial deployment. The company plans to use the $175M Series D to expand adoption of its tools and accelerate product development to support additional use cases across industries such as logistics, warehousing, and defense. The Series D valued the company at $3.6B and brought total capital raised to date to over $350M. Applied Intuition is based in Mountain View, California, and maintains offices in Detroit, Los Angeles, Munich, Tokyo, and Seoul; it also announced an advisory board that includes former automotive executives Rick Wagoner and Dieter Zetsche. Applied Intuition provides a software platform of simulation and infrastructure tools to help engineering and product teams validate and verify the safety, comfort, and functionalities of autonomous systems. Its product suite is focused on simulation and analytics and supports product development through to integration support to accelerate commercialization. The company plans to use the $125M Series C to continue investing in its platform and to strengthen its global presence. Applied Intuition also intends to expand deeper into verticals including automotive, freight/trucking, delivery robots, defense, mining, agriculture, construction, AMR, and aviation. Founded in 2017 and headquartered in Sunnyvale, Calif., the company maintains offices in Detroit, Los Angeles, Munich, Tokyo, and Seoul. After the Series C the company has raised a total of $176.5M.
Team
No current team members are available.