Self-Driving Software Supplier Applied Intuition in Talks for Funding at $15 Billion Valuation

Applied Intuition, an eight-year-old developer of simulation software for training self-driving vehicles, is in talks with investors to raise capital at a $15 billion valuation, more than double its valuation from a year ago, according to a person with direct knowledge of the discussions. Existing investor Kleiner Perkins is in talks to lead the round.

The potential fundraising would follow a bumper year for the Mountain View, Calif., company. It generated roughly $400 million annual recurring revenue as of the end of last year, double the ARR figure from a year earlier, according to a second person with direct knowledge and a potential investor.