Applied Compute Launches with $80M in Funding
Former OpenAI researchers have launched a new startup, Applied Compute Inc., to develop custom artificial intelligence models for enterprises.
The company announced it has raised $80 million in funding from investors including Benchmark, Sequoia, Lux, and a group of angel investors.
- Applied Compute was founded by Yash Patil, Rhythm Garg, and Linden Li.
- Yash Patil, the company's CEO, previously worked on OpenAI's Codex programming assistant.
The company didn’t disclose its valuation, but was reported to be raising capital at a $500 million valuation last month.
Author's summary: Applied Compute raises $80M.