Applied Intuition receives bids valuing it at $30 billion

AI-generated briefing · First published

Applied Intuition has received multiple investment offers at a $30 billion valuation, double its June figure, and may raise at least $1 billion.

Applied Intuition has received multiple investment offers at a valuation of at least $30 billion, double its June valuation, and is likely to raise at least $1 billion in new funding in the coming months, Sina Finance and ITHome reported. [1] [2]

The nine-year-old firm, founded by former Y Combinator COO Qasar Younis and ex-Google product manager Peter Ludwig, sells software for developing and testing autonomous-driving systems. Its 2024 annual recurring revenue reached $400 million, with revenue doubling yearly, according to a16z cited by Sina Finance. [1] [2]

Sources

  1. Applied Intuition获得投资邀约 估值达300亿美元

    Sina Finance · · Full text

  2. 自动驾驶公司 Applied Intuition 获得投资邀约，估值达 300 亿美元

    ITHome · · Summary only

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