Applied Intuition, Inc., the leading vehicle intelligence company for automotive, trucking, construction, mining, agriculture, and defense, has announced it has closed a US$600 million Series F fundraise and tender offer at a US$15 billion valuation. This fresh round of funding, co-led by BlackRock-managed funds and accounts and Kleiner Perkins, will propel Applied Intuition into its next phase of vehicle intelligence, deeper product expansion, and global team growth. Other new investors in the round include Franklin Templeton, Qatar Investment Authority, Abu Dhabi Investment Council, Premji Invest, Stripes, Greycroft, BAM Elevate, and 137 Ventures. Existing investors participating in the round include Fidelity Management & Research Company, General Catalyst, Lux, BOND, Elad Gil, Addition, and Tribe Capital.

Latham & Watkins LLP represents Premji Invest in the transaction with an Emerging Companies & Growth team led by Bay Area partner Alex Kassai, with associate Eric Znotins.