Applied Intuition Fields Offers at $30B Valuation, Doubling Its June $15B as AV Software Pushes Into Defense

The Information reports that self-driving simulation software maker Applied Intuition has received investment offers that would value the company at a minimum of $30B, double its $15B valuation from June. The offers, which could lead to a funding round of $1B+ in the coming months, come as the company — backed by Andreessen Horowitz and General Catalyst and run by ex-YC COO Qasar Younis — expands into military and off-road vehicle autonomy. At $30B, investors would be paying roughly 36x estimated 2025 recurring revenue of $830M.