Applied Compute Lands $350M at $3.25B Led by Elad Gil, With Nvidia In and $100M ARR in 18 Months

AI cloud startup Applied Compute raised $350M at a $3.25B valuation in a round led by angel Elad Gil with Nvidia, Shopify Ventures and HubSpot Ventures participating. Founded by Rhythm Garg, Yash Patil and Linden Li less than 18 months ago, the training-and-inference platform disclosed $100M+ ARR with Microsoft and DoorDash as customers. Proceeds will expand infrastructure capacity.