Applied Intuition Reportedly Talks New Funding at $30B Valuation

According to a Bloomberg Technology report on November 12, 2026, Applied Intuition is in talks with investors to raise at least $1.5 billion in a new funding round that would value the company at $30 billion, with General Catalyst expected to lead the round. Applied Intuition develops technology for autonomous vehicles and defense, including simulation software for self-driving systems. Later the same day, Techmeme picked up the story and added further detail, describing Applied Intuition as a self-driving simulation software maker in talks with General Catalyst to raise at least $1.5B at a ~$30B pre-money valuation, noting the company is actively expanding its work in autonomous driving and defense technology.

As of November 12, 2026, the financing remains at the discussion stage, with no agreement formally signed and neither Applied Intuition nor General Catalyst having publicly confirmed the deal terms. The two sources differ slightly on the valuation figure: Bloomberg's original report states a $30 billion valuation, while Techmeme's summary specifies a ~$30B pre-money valuation. No closing timeline or confirmed participants beyond the reported lead investor were disclosed in either account.