Applied Intuition is seeking approximately $1.5 billion in new funding at a $30 billion valuation, driven by rising demand for defense-related AI. Its previous valuation was approximately $15 billion.
According to Bloomberg, citing people familiar with the matter, Applied Intuition is negotiating a new funding round of at least $1.5 billion, which is expected to value the company at approximately $30 billion. Silicon Valley-based General Catalyst may lead the round and has committed $250 million.
The valuation is expected to increase substantially from $15 billion as of the most recent funding round in June 2025, highlighting the active involvement of private investors in AI infrastructure investment related to national security.
The company operates at the intersection of autonomous-driving software and defense technology, validating autonomous systems through operating systems and simulation tools. Revenue is expected to be $474 million in fiscal 2025, more than $560 million in fiscal 2026, more than $1 billion in 2027 and $1.8 billion in 2028.
The company is expanding contracts with Honda Motor Co. and Humane, and announced a partnership with Huntington Ingalls Industries in April. Its customer base is expanding around long-term contracts, including maritime defense and government-funded autonomous-driving projects.