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Applied Intuition In Talks to Raise $1.5 Billion at $30 Billion Value

Bloomberg Technology · By Bailey Lipschultz & Alex Dooler ·

The Brief · written from 2 sources

  • Applied Intuition is in talks to raise at least $1.5B in a new funding round.
  • General Catalyst is reported to lead the round at a pre-money valuation of about $30B.
  • Sources cited by Bloomberg describe Applied Intuition as a self-driving simulation software maker and defense contractor.

Why it matters

A round of this size at this valuation signals strong investor confidence in autonomous vehicle simulation and defense-related tooling, which may affect competition and funding in the sector. The deal is not yet closed, so terms could change.

Applied Intuition Inc., a defense contractor developing technology for autonomous vehicles, is in talks to raise at least $1.5 billion in a new funding round led by General Catalyst, according to people familiar with the matter.

Read the full story at bloomberg.com ↗

Timeline

  1. Bloomberg reports Applied Intuition is in talks to raise at least $1.5B led by General Catalyst

  2. Bloomberg Technology

    Applied Intuition In Talks to Raise $1.5 Billion at $30 Billion Value

  3. Techmeme

    Sources: self-driving simulation software maker Applied Intuition is in talks to raise at least $1.5B led by General Catalyst at a ~$30B pre-money valuation (Bloomberg)

Full coverage · 2 sources

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    Applied Intuition In Talks to Raise $1.5 Billion at $30 Billion Value – The Morning Dev