Applied intuition eyes $1.5 billion funding round valued at $30 billion

Applied Intuition Inc., a firm specializing in autonomous vehicle technology within the defense sector, is reportedly in discussions to secure a substantial new investment. Sources familiar with the situation indicate the company is aiming to raise a minimum of $1.5 billion in this upcoming funding initiative. The financing round is expected to be spearheaded by General Catalyst. The proposed valuation for Applied Intuition in this transaction is set at $30 billion.