Announcement
Applied Compute announces $350M funding round at $3.25B valuation
Applied Compute reported reaching $100 million in annualized revenue run rate less than 18 months after its founding.
TLDR
The funding announcement pairs a $3.25 billion valuation with a company-reported $100 million annualized revenue run rate. Applied Compute also reports serving more than 1 trillion tokens daily through AC Inference, more than doubling the enterprises it serves since its last fundraise, and having 40% of customers use both training and inference. It plans to expand compute capacity, hire and accelerate enterprise deployment.
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