Applied Compute hits $100M run rate, raises $350M for custom-model platform AC2

ypatil125 · x · 2026-11-03

Applied Compute announced a $100M run rate and a $350M raise. Its platform AC2 lets teams train open models on their own tasks, serve them in production, and feed production traffic back as training signal; customers include NVIDIA, Microsoft, Cognition, Harvey, DoorDash and Mercor. The 70-person San Francisco company (85% researchers/engineers, ex-OpenAI RL infra and Scale AI backgrounds) is backed by Kleiner Perkins, Benchmark, Sequoia, Lux, NVIDIA and Blackstone, and is hiring 14 roles.

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