Illustration, AI-generated from the story text. Tap a panel to read the story through it.

1 / 3Applied Compute raises $350 million at $3.25 billion to train models for companies that are not labs×

The round

Elad Gil led the round, with Nvidia, Shopify Ventures and HubSpot Ventures joining.

The company

The 18-month-old company runs reinforcement learning and inference for customers including Microsoft and DoorDash, with its researchers working alongside them, and says annual recurring revenue topped $100 million.

The pitch

Its pitch is that post-training becomes a service you buy.

Sources and the full story

‹›

Applied Compute raises $350 million at $3.25 billion to train models for companies that are not labs

Elad Gil led the round, with Nvidia, Shopify Ventures and HubSpot Ventures joining. The 18-month-old company runs reinforcement learning and inference for customers including Microsoft and DoorDash, with its researchers working alongside them, and says annual recurring revenue topped $100 million. Its pitch is that post-training becomes a service you buy. SourcesB

Sources

• BApplied Compute raises $350M (SiliconANGLE)siliconangle.com

This story ran in the Morning Brief of November 4th 2026.