M&A Deal Summary

Applied Intuition Acquires Embark

On May 25, 2023, Applied Intuition acquired software company Embark for 71M USD

Acquisition Highlights
  • This is Applied Intuition’s 3rd transaction in the Software sector.
  • This is Applied Intuition’s largest (disclosed) transaction.
  • This is Applied Intuition’s 2nd transaction in the United States.
  • This is Applied Intuition’s 1st transaction in California.

M&A Deal Summary
Date 2023-05-25
Target Embark
Sector Software
Buyer(s) Applied Intuition
Deal Type Merger
Deal Value 71M USD
Advisor(s) Evercore Group
Houlihan Lokey (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

Embark

San Francisco, California, United States
Embark is an autonomous vehicle company building the software powering autonomous trucks, focused on improving safety, efficiency, and sustainability. Embark was founded in 2016 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

Applied Intuition

Mountain View, California, United States
Category Company
Founded 2017
Sector Software
DESCRIPTION

Applied Intuition is a simulation and software tools provider for autonomous vehicle (AV) development. Applied Intuition was founded in 2017 and is based in Mountain View, California.

DEAL STATS #
Overall 3 of 4
Sector (Software) 3 of 4
Type (Merger) 1 of 1
State (California) 1 of 1
Country (United States) 2 of 3
Year (2023) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-21 SceneBox

Vancouver, British Columbia, Canada

SceneBox is a Software 2.0 data engine for computer vision engineers. The Caliber Data Labs team built SceneBox as a modular and scalable platform that enables engineers to quickly search, curate, orchestrate, visualize, and debug massive perception datasets (e.g., camera and lidar images, videos, etc.). Teams can measure the performance of their ML models and fix problems using the right data. By helping engineers spend more time building ML models and less time wrangling data, it aims to fundamentally change the way perception data is managed at a global scale. SceneBox is based in Vancouver, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-22 Ghost Autonomy

United States

Ghost Autonomy is a provider of autonomous driving software that innovated in numerous areas relevant to next-generation vehicle technology.

Buy -
Mergr

Product

Company

Legal