M12 chipped in as autonomous transport testing startup Applied Intuition secured $40m that will be spent on international expansion.
US-based autonomous vehicle development software publisher Applied Intuition has received $40m of series B funding from investors including M12, the corporate venturing subsidiary of software publisher Microsoft.
The round was led by General Catalyst and was also backed by fellow venture capital firms Kleiner Perkins, Andreessen Horowitz, Lux Capital and Floodgate, in addition to VC funds La Famiglia and Sozo Ventures.
Applied Intuition has built a suite of software tools that enable manufacturers of autonomous vehicles to simulate and analyse their…
