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Applied Intuition Inc. is negotiating a new funding round of at least $1.5 billion led by venture capital firm General Catalyst.
The investment could put the defense and autonomous vehicle technology company’s pre-money valuation at approximately $30 billion, twice its June 2025 valuation, with General Catalyst expected to contribute $250 million to the round, sources told Bloomberg.
The company is forecasting more than $560 million in revenue for fiscal 2026 — a 19% increase from the $474 million it generated the previous year. It also expects annual revenue to exceed $1 billion in 2027 before reaching $1.8 billion in 2028.
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The Information previously reported that the company had been receiving investment proposals from prospective backers.
Founded in 2017, Applied Intuition serves the automotive, defense, trucking, construction, mining and agriculture industries, focusing on tools and infrastructure, operating systems, and autonomy.
Applied Intuition’s previous funding round valued the company at $15 billion and was led by key investors, including 137 Ventures, Abu Dhabi Investment Authority, BlackRock Holdings, Fidelity Management, Franklin Templeton Venture Fund, and General Catalyst, among others
In recent months, the startup has established partnerships with Honda Motor Co., and Saudi Arabian AI company Humain. In April, the company announced it was collaborating with Huntington Ingalls Industries (NYSE:HII) to develop and intricate its AI-driven capabilities for naval platforms.
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This article This Self-Driving Startup Could Soon Be Worth $30 Billion originally appeared on Benzinga.com
