Applied Intuition in talks to raise at least $1.5 billion, Bloomberg reports

Applied Intuition, an autonomous-vehicle technology developer and defense contractor, is discussing a funding round led by General Catalyst, Bloomberg reports, citing people familiar with the matter. The company is seeking at least $1.5 billion at an expected valuation of roughly $30 billion before the new money—double its June 2025 valuation. General Catalyst plans to invest $250 million, one person told Bloomberg.