Applied Compute raises $350M at $3.25B valuation, hits $100M run rate in 18 months
emmanuelvivier · x · 2026-11-05
Applied Compute raised $350M at a $3.25B valuation led by Elad Gil, with NVIDIA, Blackstone, Kleiner Perkins and others participating, reaching a $100M annualized run rate less than 18 months after founding. Customers include Microsoft, Shopify, Harvey, DoorDash and Clay. It trained a custom model for Harvey at less than half the inference cost of a frontier alternative, and a custom router for Clay that cut production inference costs by up to 47%. Three months ago it launched AC2, an Agent Cloud combining training, inference and continual improvement.
More from Venture
- Runway doubles ARR to $200M in six months, acquires robotics lab Kinetix — c_valenzuelab · 2026-11-05
- Polymarket Odds Put AI Bubble Bursting by Year-End at Just 8% Amid $1.3T Tech Selloff — Polymarket · 2026-11-05
- Dropbox acquires Tigris Data for $350M to bolster its AI infrastructure — TechCrunch AI · 2026-11-05
- $1.3 Trillion Wiped From U.S. Tech Stocks at Market Open, Polymarket Reports — Polymarket · 2026-11-05
- A Madrid plumber just received the first agent-orchestrated payment — without knowing it — jeff_weinstein · 2026-11-05
- SK Hynix's Solidigm plans two New York NAND fabs in first US manufacturing push, up to $100B — Beth_Kindig · 2026-11-05