Applied Intuition's $40 million financing tops recent funding news in Sunnyvale

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Sunnyvale-based autonomous vehicles company Applied Intuition has secured $40 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on Sept. 12 and led by General Catalyst.

According to its Crunchbase profile, "Applied Intuition provides software infrastructure to safely develop, test and deploy autonomous vehicles at scale. Applied’s suite of products, focused on simulation and analytics, delivers sophisticated infrastructure built for scale. Industry-leading companies of all sizes use Applied to comprehensively test and rapidly accelerate their autonomous vehicle development."

The three-year-old startup also raised an $11 million Series A round in 2018.

The round brings total funding raised by Sunnyvale companies in software over the past month to $322 million. The local software industry has produced 46 funding rounds over the past year, yielding a total of $1.1 billion in venture funding.

In other local funding news, developer platform and PaaS company Rafay Systems announced an $8 million Series A funding round on Sept. 13, led by Ridge Ventures (Formerly known as IDG Ventures USA).

According to Crunchbase, "Rafay enables developers to automate the distribution, operations, cross-region scaling and lifecycle management of containerized microservices across public and private clouds, and service provider networks. Rafay’s platform is built around foundational elements that together deliver an optimal abstraction layer across disparate infrastructure, making it easy for developers to scale and operate applications across any number of locations or regions. Consumed as a service, Rafay’s platform eliminates the need to build an in-house platform or developing any specialized compute distribution capabilities."

The company also raised a seed round in 2018.

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