Applied Intuition Inc., a tooling and software provider for autonomous vehicle development and Embark Technology Inc., an autonomous trucking software company, have agreed to merge.

Founded in 2016, Embark offers an autonomous software stack that uses machine learning methodologies for perception while relying on a safety-redundant compute system. Embark has also developed a hardware platform and has performed testing and system deployment, with over 1.5 million miles of autonomous operations conducted on highways. Under the agreement, Applied will acquire Embark in an all-cash transaction with an equity value of approximately $71 million. Applied looks to integrate Embark’s tools, data and software assets to improve its offerings for customers in the trucking and automotive industries.

“This acquisition should enable us to advance our products and solve more specific, complex challenges for our customers,” states Qasar Younis, co-founder and CEO of Applied Intuition. “We respect the work Embark has accomplished in the autonomous vehicle industry and look forward to leveraging their expertise to better serve our global customer base.”