Startup Applied Intuition Closes on $300 Million Secondary Deal

Investors have put more than $300 million into vehicle software maker Applied Intuition Inc. — part of a secondary deal that allowed shareholders and employees to sell shares in the $6 billion startup, and VCs to take a bigger piece.

Fidelity Management & Research Company joined the financing as a new investor, alongside existing backers including General Catalyst, Lux Capital and Bond, the venture firm started by internet trend watcher Mary Meeker.

Meeker in an email called the market for software in cars “underappreciated.” She also said that Applied Intuition is building relationships in a variety of sectors in ...