❯ Applied Intuition discusses raising at least $1.5 billion at a $30 billion pre-money valuation

Terms remain under discussionInvesting.com, citing Bloomberg, reports that Applied Intuition is negotiating at least $1.5 billion in new funding, led by General Catalyst with a planned $250 million commitment. The proposed $30 billion valuation is before the new investment. The round has not been announced as closed, and final size and terms may change.

Infrastructure for vehicle developersFounded in 2017, Applied Intuition sells simulation tools, a vehicle operating system and autonomy software to help customers develop, test and deploy intelligent vehicles. Simulation lets engineers repeat road and operating scenarios virtually, reducing reliance on physical tests after every change. In its previous financing announcement, the company said 18 of the world’s top 20 automakers use its products, with applications also spanning trucking, construction, mining and agriculture.

A proposed doubling of valuationIn June 2025, the company announced a $600 million Series F financing and tender offer at a $15 billion valuation, co-led by BlackRock-managed funds and Kleiner Perkins. The current proposed pre-money valuation is roughly double that level, and General Catalyst is already an investor. Development tools, vehicle operating software and autonomy products together underpin the company’s expanding deployments.

Growth expectations enter the priceBloomberg’s sources say the company expects more than $560 million in fiscal 2026 revenue, compared with roughly $474 million the prior year, and forecasts more than $1 billion in 2027. These figures include forward-looking targets rather than guaranteed growth. If financing closes at the proposed valuation, customer expansion and revenue performance will need to support a substantially higher entry price for investors.

▮ SIGNALCombining simulation with vehicle operating software increases potential spending per customer, while a higher valuation raises the growth the business needs to deliver.