Bloomberg: Applied Intuition in talks for at least $1.5 billion funding round

Applied Intuition is in talks to raise at least $1.5 billion in a new funding round led by General Catalyst, according to Bloomberg and people familiar with the matter. One person said General Catalyst plans to invest $250 million. The deal is expected to value the autonomous-vehicle and defense technology company at roughly $30 billion, excluding the new capital, about twice its June 2025 valuation. The company develops automated operating systems and self-driving technology for a range of industries.