AI cloud startup Applied Compute raises $350M after reaching key revenue milestone
Applied Compute, a provider of AI cloud infrastructure, secured $350 million in Series funding after achieving a significant revenue milestone. The round was led by prominent venture investor Elad Gil and included participation from major technology companies and venture firms, including Nvidia, Shopify Ventures, and HubSpot Ventures, plus over a dozen additional investors. The company's valuation reached $3.25 billion.
Key points
- Series funding round of $350 million at $3.25B valuation
- Led by Elad Gil, backed by Nvidia and other major players
- Achieved undisclosed revenue milestone triggering the raise
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