Discussions to raise at least $1.5 billion… Applied Intuition mentioned at a $30 billion valuation

Applied Intuition is in talks to raise at least $1.5 billion in a new funding round at a pre-money valuation of roughly $30 billion, with General Catalyst reportedly in discussions to lead and contribute about $250 million, Bloomberg reported. Both the round size and the lead investor's check are negotiating terms rather than finalized figures. The deal would mark one of the largest private fundraising efforts for a software company serving the automotive and autonomy sector, underscoring investor appetite for simulation and vehicle software platforms even as broader startup funding stays selective. What to watch next is whether the round closes at the floated $30 billion pre-money mark and whether additional investors join General Catalyst to fill out the $1.5 billion target.