Applied Intuition has received investment offers valuing the autonomous vehicle software company at at least $30B, potentially doubling its valuation in 16 months.
The offers could lead to a new round of $1B or more, though no deal is complete and terms could change. The company has not announced a financing at the reported valuation.
The trajectory is steep. In March 2025, Applied Intuition was reported to be in talks at a $15B valuation. Three months later it closed a $600M Series F and tender offer at that figure, co-led by BlackRock-managed funds and Kleiner Perkins.
What makes the business unusual is what it does not do. Founded in 2017 by Qasar Younis and Peter Ludwig, Applied Intuition builds no vehicles and operates no robotaxi fleet. It sells the software layer that lets automakers and industrial companies develop, test and deploy intelligent machines, spanning vehicle operating systems, autonomous driving software and simulation tools.
That positioning has proven attractive because it sidesteps the capital intensity of running a fleet while still selling into every company attempting autonomy. As automakers spread their bets across multiple self-driving approaches, tooling that works regardless of which stack wins becomes a safer investment than backing a single approach.
The reported offers suggest investors are willing to price that neutrality aggressively.
