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According to four sources with inside knowledge of the situation, Applied Compute—a startup established by three former OpenAI researchers—is currently in negotiations for a fresh round of financing. Its post-investment valuation is projected to soar to US$1.3 billion. The company's core business is offering enterprises model customization services tailored to their proprietary data. Notably, this potential valuation jump comes less than three months after Applied Compute's last financing announcement, when it was valued at around US$500 million. If this new funding round is finalized, the company's valuation will more than double. Sources revealed that Kleiner Perkins, a new investor, is taking the lead in this funding round. The maximum amount of financing in this round could potentially reach US$70 million, marking a significant milestone for the burgeoning startup.
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