Applied Intuition reported to be fielding offers at $30B valuation or more
- Raised
- $1.0B
- Valuation
- $30B
- Place in VP50
- #26
- Sources
- 3
What happened
On October 13, 2026, The Information reported that Applied Intuition, a maker of software for training self-driving vehicles, had received offers valuing the company at no less than $30 billion. Seeking Alpha and TechStartups relayed the report the same day. According to those outlets, the offers were likely to lead the company to raise $1 billion or more in the coming months. No new round had been announced at the reported valuation, the investors behind the offers were not named, and TechStartups said final terms could change.
TechStartups said the $30 billion figure would double the company's $15 billion valuation within about 16 months. It reported that in March 2025 the company was in talks to raise at $15 billion and, about three months later, closed a $600 million Series F financing and tender offer at that valuation, co-led by BlackRock-managed funds and Kleiner Perkins. Citing earlier reporting by The Information, it also gave roughly $400 million in annual recurring revenue by the end of 2024, double the prior year. The Information's own article was paywalled, so these details come from the relaying outlets.
Key points
- Applied Intuition had received offers valuing it at no less than $30 billion, The Information reported on October 13, 2026.123
- The offers were likely to lead to a raise of $1 billion or more in the coming months.12
- The valuation would double the $15 billion set at its Series F, a $600 million financing and tender offer.2
- No round had been announced, and TechStartups said final terms could change.2
Why it matters
Offers at $30 billion would be twice the $15 billion Series F valuation, set about 16 months earlier. Offers are not a priced round, and terms may change.
The Series F included a tender offer, so holders have had a sale route before. The sources do not say whether a new raise would include another.
Multiple offers give an outside view of value before any round closes. The sources do not name who made them.
In context
| Round | Date | Post-money valuation | Raised | Led by |
|---|---|---|---|---|
| Series C | Oct 22, 2020 | $1.3B | $125M | Andreessen Horowitz, General Catalyst, and Lux Capital |
| Series D | Nov 11, 2021 | $3.6B | $175M | Addition, Coatue Management, and Elad Gil |
| Series E | Mar 12, 2024 | $6.0B | $250M | Elad Gil, Lux Capital, and Porsche Investments Management S.A. |
| Series F | Jun 17, 2025 | $15B | $600M | BlackRock-managed funds and accounts and Kleiner Perkins |
Updated
Fact-check
- Applied Intuition received offers valuing it at no less than $30 billion.Confirmed by [1] Seeking Alpha and [2] TechStartups, both citing The Information. The Information's own article [3] showed only its headline.Verified
- The offers are likely to lead to a raise of $1 billion or more in the next few months.Confirmed by [1] Seeking Alpha (raise of $1 billion in the next few months) and [2] TechStartups ($1 billion or more in the coming months).Verified
- The previous valuation was $15 billion, set in a $600 million Series F plus tender offer co-led by BlackRock-managed funds and Kleiner Perkins, about three months after March 2025 talks.Confirmed by [2] TechStartups.Verified
- The $30 billion figure would double the valuation within about 16 months.Confirmed by [2] TechStartups, which says the valuation could double in 16 months.Verified
- Applied Intuition had roughly $400 million in annual recurring revenue by the end of 2024, double the prior year.Confirmed by [2] TechStartups, citing earlier reporting by The Information; a more recent figure has not been confirmed.Verified
- The report was published on October 13, 2026.Confirmed by [1] Seeking Alpha (Oct 13, 2026) and [2] TechStartups (October 13, 2026).Verified
- No funding round has been announced and final terms could change.Confirmed by [2] TechStartups: no new round announced at the reported valuation, and final terms could change.Verified
Sources
- [1]Seeking Alpha (opens in a new tab)Applied Intuition fielding offers at $30B valuation - The Informationhas received offers that value the company at least $30 billion
- [2]TechStartups (opens in a new tab)Applied Intuition receives investment offers at $30 billion valuation, doubling its $15 billion valuationfinal terms could change
- [3]The Information (opens in a new tab)Applied Intuition Fields Offers at $30 Billion Valuation
