Applied Intuition is negotiating new financing: valuation may reach 30 billion USD

According to Bloomberg, informed sources revealed that the autonomous driving and automation technology company Applied Intuition is in talks for a new round of financing led by General Catalyst, aiming to raise at least $1.5 billion, with a pre-money valuation of about $30 billion, which is double its valuation in June 2025, with General Catalyst planning to invest $250 million.

The sources also stated that the company expects revenue to exceed $560 million in fiscal year 2026 and total revenue to exceed $1 billion in 2027. Founded in 2017, Applied Intuition develops automation operating systems and autonomous driving technology for industries such as construction, transportation, and defense. The previous round of financing was led by a fund under BlackRock and Kleiner Perkins. Currently, neither Applied Intuition nor General Catalyst has commented on this.