# Applied Compute raises $350 million after hitting $100 M ARR

> The AI cloud startup announced a $350 M Series round led by Elad Gil, reporting annual recurring revenue over $100 M.

Oossa · 2026-11-04 · https://oossa.com/en/applied-compute-raises-350-million-after-hitting-100-m-arr

Applied Compute Inc. said it closed a $350 million funding round at a $3.25 billion valuation. Angel investor Elad Gil led the round with Nvidia, Shopify Ventures, HubSpot Ventures and others participating. The company, launched less than 18 months ago, now reports annualized recurring revenue above $100 million and counts Microsoft and DoorDash among its customers. It will use the new capital to expand its AI‑infrastructure platform, which offers asynchronous reinforcement‑learning training, self‑distillation, autoscaling inference and a model‑routing service called Shift‑1.

## The facts

- Funding round: $350 million led by Elad Gil
- Annualized recurring revenue: > $100 million

## Why it matters

Enterprises looking to run their own large language models now have a more mature, funded platform that promises faster training and lower inference costs.

## Sources & references

1. [AI cloud startup Applied Compute raises $350M after reaching key revenue milestone](https://siliconangle.com/2026/11/03/ai-cloud-startup-applied-compute-raises-350m-after-reaching-key-revenue-milestone/) – SiliconANGLE, 2026-11-04

Last updated: 2026-11-04