Applied Compute raises $350 million to expand enterprise AI infrastructure
Elad Gil leads the funding at a $3.25 billion valuation as the company expands compute capacity and deployments.
Applied Compute has raised $350 million in funding led by Elad Gil at a $3.25 billion valuation. The company announced the round on November 2, with participants including Kleiner Perkins, Lux Capital, Hanabi Capital and NVIDIA. It plans to expand compute capacity, hire and accelerate enterprise deployments.
The company’s AC2 Agent Cloud combines model training, inference and continual improvement. Applied Compute says it has reached a $100 million annualized revenue run rate, with customers using its infrastructure to build and operate models tailored to their businesses.
Use of funds
Expand compute capacity
Grow the team
Accelerate enterprise deployments