Autonomous driving software maker Applied Intuition is seeking to raise funds at a valuation of at least $30 billion, double its June valuation.
Autonomous driving software company Applied Intuition is seeking a new funding round at a valuation of at least $30 billion, double its June valuation, positioning it among the world's top AI unicorns, technology media The Information reported on October 13. According to sources, the company has received multiple investment offers, all valuing it at no less than $30 billion, and is expected to complete at least $1 billion in fundraising within the coming months. This valuation jump is supported by strong performance; investor Andreessen Horowitz disclosed in July that Applied Intuition had achieved $400 million in annual recurring revenue by the end of 2024, with revenue doubling annually in recent years. The company's clients include Isuzu of Japan, Volkswagen, and Humain of Saudi Arabia, and it announced partnerships with Honda and Nissan last week.
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