Applied Compute Raises $80 Million in Funding, Led by Kleiner Perkins

BlockBeats News, April 9th, Applied Compute, a company building dedicated smart companies for enterprises, completed an $80 million financing round with a post-investment valuation of $1.3 billion. The round was led by Kleiner Perkins, with participation from Elad Gil, Lux Capital, Greenoaks, NEO, Hana Bicapital, among others, bringing the total funding to $160 million.

Applied Compute's mission is to bridge the gap between "smart" and "useful" through "Specific Intelligence." These proprietary intelligent entities are trained based on real-world operational scenarios and are designed to continually self-evolve. They help enterprises unlock their institutional knowledge, train intelligent entities for specific workflows and performance metrics, and deploy them on the front lines of production. Applied Compute believes that intelligence should serve specific enterprises and be controlled by the enterprises themselves.