3 in Finance
7/25: Applied Intuition (Mountain View, CA) raises $300 million in Secondary Round as it continues to expand its AI-powered product portfolio. This round of funding welcomes Fidelity Management & Research as a new investor, with existing investors General Catalyst, BOND, Lux Capital, and Elad Gil also participating. (Link)
7/24: Waymo (San Francisco, CA) receives $5 billion multi-year investment from parent company, Alphabet. This investment is intended to enable Waymo to build the world’s leading self-driving technology. (Link)
7/22: Monarch Tractor (Livermore, CA) receives $133 million in Series C funding, the largest ever raise in agricultural robotics. The round was led by CTBC Ventures and Astanor Ventures, with At One Ventures, PMV, and Welvaartsfonds also participating. (Link)
3 for Fun
Self-driving shuttles make their debut at JFK Airport. (Link)
Researchers from Stanford University and Toyota Research Institute have teamed up to create the world’s first autonomous Tandem Drift cars. (Link)
GM shifts from using Cruise Origin to Chevrolet Bolt vehicles for its future autonomous vehicles. (Link)
Big movers — month over month stock performance
Aurora Innovation gains 43%; KORE Wireless Group gains 42%; Aeva gains 40%
TuSimple falls 41%; Mobileye falls 29%; Symbotic falls 22%