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Gil&Co to lead $350M round in Applied Compute at $3.25B valuation

1 article1 sourcesince Nov 2Last article 1h ago ·

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Elad Gil says Gil&Co will lead a $350M funding round in Applied Compute at a $3.25B valuation.

The round is reported in a post by Gil, and the figures are his and the company's; no separate confirmation or closing terms are reported.

Gil cites an update from Applied Compute saying the company has reached a $100M annualized revenue run rate, up from zero 18 months ago, and serves 1T tokens a day for inference. The update also says 40% of customers use the platform for both custom model training and production inference.

Written by AI from the articles below · updated Nov 2, 12:37 PM ET

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Latest developmentNov 2, 12:25 PM ET
Gil&Co leads Applied Compute's $350M round at a $3.25B valuation

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Nov 2
  1. Elad GilX
    Gil&Co leads Applied Compute's $350M round at a $3.25B valuation

    AIElad Gil says Gil&Co will lead a $350M round in Applied Compute at a $3.25B valuation. The quoted update says the company has reached a $100M annualized revenue run rate, up from zero 18 months ago, and serves 1T tokens a day for inference. It also reports that 40% of customers use the platform for both custom model training and production inference.

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