Autonomous driving company Applied Intuition receives investment offer, valued at $30 billion
Ai Focus
According to The Information, autonomous driving startup Applied Intuition has received multiple investment offers, with a valuation of at least $30 billion, which is double that of June. The company focuses on autonomous driving software and achieved annual recurring revenue of $400 million by the end of 2024. It has previously raised $1.2 billion in funds from institutions such as Andreessen Horowitz and General Catalyst.
IT News on October 13th: According to a report by The Information today, autonomous driving startup Applied Intuition has received multiple investment offers, with a valuation of at least $30 billion (Note from IT: The current exchange rate is approximately 201.175 billion RMB), which is double its valuation in June.
It is reported that Applied Intuition was co-founded by former Y Combinator Chief Operating Officer Qasar Younis and former Google Product Manager Peter Ludwig. The company focuses on autonomous driving software rather than vehicle manufacturing. By the end of 2024, the company's annual recurring revenue reached 400 million US dollars (approximately 2.682 billion yuan at current exchange rates).
Applied Intuition Previously raised $1.2 billion (approximately 8.047 billion yuan at current exchange rates) from institutions such as Andreessen Horowitz and General Catalyst. Its main clients include Isuzu, Volkswagen, and others.
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