Key Takeaways
- • Applied Intuition 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 cited by Bloomberg.
- • The round is expected to value the autonomous vehicle software and defense technology startup at roughly $30 billion before the new capital is included, roughly doubling its valuation since June 2025.
- • General Catalyst is reportedly planning to invest $250 million in the round, per one person who spoke on condition of anonymity.
- • The terms are not final and the information is not public, so the figures may change before any deal is announced.
Summary
Applied Intuition Inc., a defense contractor that develops 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 Bloomberg, citing people familiar with the matter.
The deal is expected to value the startup at roughly $30 billion, excluding the newly raised capital. That figure would double the company's valuation from June 2025, according to the same people. The sources said General Catalyst plans to invest $250 million in the round. One of the people spoke on condition of anonymity because the information has not been made public, so the size of the round and the valuation could change before any transaction is completed.
The reported round would represent a significant step-up for the company, which sits at the intersection of autonomous vehicle software and defense applications. For institutional investors tracking late-stage venture and defense technology, the valuation doubling within roughly 17 months signals strong investor appetite for dual-use autonomy platforms. The report does not disclose other investors in the round or the company's revenue and financial metrics.
The deal is expected to value the startup at roughly $30 billion, excluding the newly raised capital. That figure would double the company's valuation from June 2025, according to the same people. The sources said General Catalyst plans to invest $250 million in the round. One of the people spoke on condition of anonymity because the information has not been made public, so the size of the round and the valuation could change before any transaction is completed.
The reported round would represent a significant step-up for the company, which sits at the intersection of autonomous vehicle software and defense applications. For institutional investors tracking late-stage venture and defense technology, the valuation doubling within roughly 17 months signals strong investor appetite for dual-use autonomy platforms. The report does not disclose other investors in the round or the company's revenue and financial metrics.
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