Applied Intuition at $830M/year up 2x YoY
Jan-Erik Asplund
TL;DR: Applied Intuition is repositioning from automotive simulation vendor to "physical AI" infrastructure platform, expanding from passenger cars into trucking (TRATON), mining (Komatsu), defense (Warship OS, drone swarms), and in-car infotainment (Stellantis). Sacra estimates Applied Intuition hit $830M in ARR in 2025, up 2x from $415M in 2024, valued at $15B at its June 2025 Series F for an 18x forward revenue multiple. For more, check out our full report and dataset on Applied Intuition.
We first covered Applied Intuition as the “Android of autonomous driving” hit $415M/year and was just beginning to expand into defense use cases.
Key points from our April 2026 update via Sacra AI:
- With its core simulation & testing product driving ~33% of revenue and selling to 18 of the top 20 automotive OEMs (Toyota, VW, Hyundai, Stellantis, GM) to help them develop their own autonomous driving, Applied Intuition has deepened its offering against the vertically integrated stacks of Tesla (FSD) & Waymo (Driver), acquiring Reblika (July 2025) for AI-based 3D digital pedestrians & partnering with Nvidia (March 2026) to incorporate its Cosmos world foundation models for higher-fidelity simulations.
- Applied Intuition is now helping automakers wrest control of the in-car software experience back from Apple CarPlay and Android Auto, signing its biggest-ever Vehicle OS (launched 2024) deal in October 2025 with Stellantis (NYSE: STLA, $181B revenue in 2025) to power its next generation in-car software across Jeep, Ram, Peugeot, Fiat, and 11 other global brands.
- Sacra estimates Applied Intuition hit $830M in annual recurring revenue (ARR) in 2025, up about 2x from $415M in 2024 with ~80% gross margin, valued at $15B at its June 2025 Series F for an ~24x forward revenue multiple on its ~$622M ARR.
- Compared to Israeli autonomy software competitor Mobileye (NASDAQ: MBLY) at $2B in trailing twelve months revenue as of March 2026, up 9% year-over-year, valued at $7.32B for a 3.7x revenue multiple, and the Chinese autonomy & robotaxi company Pony AI (NASDAQ: PONY) at $90M revenue in 2025, up 20% year-over-year, valued at $4.35B for a 48x revenue multiple.
- Expanding from automotive software vendor to physical AI platform, Applied Intuition in 2025 & 2026 has launched end-to-end autonomous navigation projects across mining (Komatsu) & trucking (TRATON ONE OS across Scania, MAN, VW Truck & Bus), agriculture, construction & ports, with their biggest new line of business in defense, with deployments across the U.S. Army & Air Force, Huntington Ingalls (NYSE: HII, Warship OS), and Northrop Grumman (NYSE: NOC) as they roll out tech for automating drone swarms, submarines, and warships.
For more, check out this other research from our platform:
- Orest Pilskalns, CEO of Skyfish, on building autonomous drone infrastructure
- Scale at $760M ARR
- Scale: the $290M/year Mechanical Turk of machine learning
- Saildrone (dataset)
- Saronic (dataset)
- America First vs. American Dynamism
- Anduril (dataset)
- Anduril at $1B/yr
- SpaceX (dataset)
- Anduril, SpaceX, and the American dynamism GTM playbook
- The biggest mistake defense startups make
- Ross Fubini, Managing Partner at XYZ Capital, on the defense tech opportunity
- Shield AI (dataset)
- Scott Sanders, chief growth officer at RRAI, on the defense tech startup playbook
