Applied Intuition, the vehicle-intelligence company powering autonomy across cars, trucks and defence systems, is reportedly fielding an offer that would value it at $30 billion, according to The Information. If completed, the deal would roughly double the company’s worth in just over a year.
The scale of the jump is striking. As recently as June 2025, Applied Intuition closed a $600 million Series F fundraise and tender offer at a $15 billion valuation, co-led by BlackRock-managed funds and Kleiner Perkins. That itself had leapt from a $6 billion valuation a year earlier.
Founded in 2017 and based in Silicon Valley, the company builds the simulation software, Vehicle OS and autonomy stacks that help customers develop intelligent machines. Its clients span automakers, autonomous-vehicle firms and, increasingly, the military.
That defence pivot is central to its soaring valuation. Private capital is pouring into defence technology, and Applied Intuition has leaned in, even backing peers like Anduril and Helsing while pursuing US Army contracts.
Its investor roster signals deep conviction. Backers include sovereign wealth funds such as Qatar Investment Authority and Abu Dhabi Investment Council, alongside Fidelity, General Catalyst and Franklin Templeton.
The repeated use of tender offers is also notable, allowing early employees and investors to cash out while the company stays private, easing pressure for a near-term IPO even at a towering valuation.
Yet a $30 billion price tag invites scrutiny. It demands rapid revenue growth and durable defence and automotive demand to justify multiples that, in a frothy AI-and-defence market, some may view as stretched. For now, investor appetite for “intelligent machines” shows little sign of cooling.
