Applied Compute, a year-old startup that helps companies run and customize open-source models with their own data, is discussing a new funding round that would value it at around $3 billion, more than double its valuation from a round announced four months ago, according to a person with ...

Applied Compute, a startup building dedicated intelligent systems for enterprises, has raised $80 million in new financing, bringing its post-money valuation to $1.3 billion. Kleiner Perkins led the round, with participation from Elad Gil, Lux Capital, Greenoaks, NEO and Hana Bicapital. Total funding now stands at $160 million. The company develops what it calls "Specific Intelligence" — proprietary intelligent agents trained on real company operations and designed for continuous self-evolution. Applied Compute's technology helps enterprises unlock institutional context, train agents for specific workflows and performance standards, and deploy them to production environments.