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New Deal


Announced

Completed

Elad Gil, Addition, and Coatue Management led a $175m series D funding round.

Financials

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Transaction ValueÂŁ153m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

driver assistance systems

Private

Single Bidder

software

Acquisition

Domestic

Venture Capital

Completed

Software

United States

autonomous vehicles

Private Equity

Friendly

Synopsis

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Elad Gil, Addition, and Coatue Management led a $175m series D funding round in Applied Intuition, a software company, with participation from Andreessen Horowitz, General Catalyst, and Lux Capital. "Applied is building software to support a big shift in one of biggest consumer purchases—the car. Applied's software is growing to take on multiple aspects of the automotive industry. I'm excited by the work the team has been doing to accelerate the commercialization of autonomous vehicles," Elad Gil.

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