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Applied Compute Inc. announced on Monday that it raised $350 million in funding at a $3.25 billion valuation. The round was led by angel investor Elad Gil with participation from Nvidia Corp. and Shopify Ventures. The startup, launched less than 18 months ago, disclosed its annualized recurring revenue has topped $100 million.
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Summary by ByteBrief
AI Datacenter Funding Hits $64 Billion