Applied Compute, a developer of custom artificial intelligence models for enterprises, announced it has raised US$80 million in new financing at a US$1.3 billion post-money valuation. The funding round was led by Kleiner Perkins with participation from Elad Gil, Lux, Greenoaks, Neo, Hanabi, and more.
Latham & Watkins LLP represented Applied Compute in the funding round with an Emerging Companies & Growth team led by Bay Area partner Seth Gottlieb, with associates Kristine LaVeau, Camille N’Diaye-Muller, and Kavitha Babu.
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