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Latham & Watkins Advises Applied Compute on US$350 Million Financing
November 3, 2026
Emerging Companies & Growth team represents the AI startup in the funding round at a US$3.25 billion valuation.
Applied Compute has announced it raised US$350 million in new funding at a US$3.25 billion valuation. The round was led by Elad Gil, with participation from Kleiner Perkins, Lux Capital, Hanabi Capital, NVIDIA, Blackstone, Shopify Ventures, HubSpot Ventures, Diffusion, Definition, Timeless, Layer Global, Neo, Abstract, Nova, Quantum Light, First Harmonic, and Swish.
Latham & Watkins LLP advised Applied Compute in the transaction with an Emerging Companies & Growth team led by partner Seth Gottlieb, with associates Kristine LaVeau, Camille N'Diaye-Muller, Julia Gleason, and Ryan Ramirez.