Applied Compute raises $350M in funding, led by Elad Gil, at a $3.25 billion valuation. The company plans to use the funds for expansion and accelerating deployment in the enterprise.
PRIVATENov 04, 2026
Amount Raised
$350 Million
Round Type
Venture
San FranciscoArtificial IntelligenceCyber SecurityMachine Learning
Investors
SwishFirst HarmonicQuantum LightNovaAbstractNeoLayer GlobalTimelessDefinitionDiffusionHubSpot VenturesShopify VenturesBlackstoneNvidiaHanabi CapitalLux CapitalKleiner PerkinsElad Gil
Description
Applied Compute, based in San Francisco, CA, has raised $350 million in funding at a valuation of $3.25 billion. The round was led by Elad Gil, with contributions from various prominent firms. The fresh capital will be used to expand compute capacity, grow their team, and accelerate enterprise deployment. The company focuses on providing custom open-source AI models for enterprises.
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Company Information
Company
Applied Compute
Location
San Francisco, California, United States
About
Applied Compute is a San Francisco-based developer of custom open-source AI models for enterprises. Founded in 2025 by former OpenAI technical researchers, the company focuses on helping organizations build, train, and own their custom AI models. Applied Compute has experienced rapid growth, achieving a $100 million annualized revenue run rate in less than 18 months. Their customer base includes major companies across various industries, including life sciences, cybersecurity, and financial services.
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San FranciscoArtificial IntelligenceCyber SecurityMachine Learning