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Sources: self-driving simulation software maker Applied Intuition is in talks to raise at least $1.5B led by General Catalyst at a ~$30B pre-money valuation (Bloomberg)

By · Published by Everything Blog

In short

Applied Intuition is currently holding discussions to secure at least $1.5 billion in fresh funding. Prominent venture capital firm General Catalyst is positioned to serve as the lead investor for the transaction. The investment framework would establish a pre-money valuation of roughly $30 billion for the autonomous testing software provider. Full details concerning specific deal terms and formal timing currently remain undisclosed.

Key points

  • Substantial venture backing indicates robust confidence in software infrastructure built…: Substantial venture backing indicates robust confidence in software infrastructure built for autonomous driving.
  • Securing General Catalyst as the lead investor positions the company for significant priv…: Securing General Catalyst as the lead investor positions the company for significant private market expansion.
  • Additional transaction terms and an exact closing timeline have yet to be publicly reveal…: Additional transaction terms and an exact closing timeline have yet to be publicly revealed.

Sources checked by our analysis pipeline: 1

Desmond Shum: |

April Roach / CNBC: |

New York Times: |

New York Times: |

Owen Walker / Financial Times: |

Bailey Lipschultz / Bloomberg: |

@firesidealpha: |

Marcus Mendes / 9to5Mac: |

Politico: |

Robert Hart / The Verge: |

Vlad Savov / Bloomberg: |

Elizabeth Chamberlain / iFixit News: |

Jordan Novet / CNBC: |

Luke Plunkett / Aftermath: |

Bloomberg: |

Eduardo Baptista / Reuters: |

Richard Adams / The Guardian: |

Dan Goodin / Ars Technica: |

Gian Volpicelli / Bloomberg: |

Lenny Rachitsky / Lenny's Newsletter: |

Jake Roach / Tom's Hardware: |

Tim Keary / Forbes: |

Mark Chediak / Bloomberg: |

Wall Street Journal: |

Declan Harty / Politico: |

Morgan Chittum / Fortune: |

Bloomberg: |

Alex Konrad / Upstarts Media: |

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Ingrid Lunden…

Business