Applied Intuition Reportedly Receives Investment Offers at $30 Billion Valuation
New financing proposals would double the autonomous driving simulation software maker's valuation from June.
Applied Intuition has received investment offers that would value the autonomous driving simulation software developer at more than $30 billion, according to a report from The Information syndicated via Techmeme.
The prospective valuation marks a sharp increase from June, when the startup was valued at $15 billion. The incoming offers would double its valuation in approximately four months.
Applied Intuition develops software that enables automotive engineers to test and validate self-driving systems in simulated virtual environments, reducing reliance on physical road tests.
Neither Applied Intuition nor potential investors have publicly confirmed final terms or completed a funding round.
Sources
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