Applied Intuition in Talks for New Funding at Valuation of Up to $30 Billion

Nov. 12 — According to Bloomberg, people familiar with the matter said that autonomous driving and automation technology company Applied Intuition is in talks for a new funding round led by General Catalyst, aiming to raise at least $1.5 billion at a pre-money valuation of about $30 billion — double its June 2025 valuation — with General Catalyst planning to invest $250 million. The people also said the company expects revenue of more than $560 million in fiscal 2026 and total revenue of more than $1 billion in 2027.

Founded in 2017, Applied Intuition develops automation operating systems and autonomous driving technology for industries including construction, transportation and defense. Its previous round was led by a BlackRock fund and Kleiner Perkins. Applied Intuition and General Catalyst have not commented on the matter.