v3 Template

Applied Digital

Technology - Digital Infrastructure and Data Centers Richmond, Virginia, USA; North Dakota, USA ~220 employees

Founded

Employees (Est.)

~220

11 leaders known

Total Funding

$22.4B

Funding Rounds

Last Funding

2026-03-04

About Applied Digital

Applied Digital Corporation is a pioneering digital infrastructure innovator focused on delivering bespoke, ground-up AI data centers and high-performance computing solutions. Their mission is to empower the AI revolution by reimagining AI infrastructure responsibly, transforming dirt to compute with optimized performance, scalability, and energy efficiency.

Products & Services

Data Center Solutions:Next-generation data centers designed specifically for AI and HPC workloads, featuring redundant systems, scalable resources, innovative cooling solutions, and strategic locations for energy cost-effectiveness.

Applied Digital Cloud:A turnkey GPU-as-a-Service solution providing secure, scalable, and managed high-performance computing power for AI, ML, and rendering workloads, allowing businesses to focus on core activities without IT management burdens.

Specialties

AI Infrastructure High-Performance Computing (HPC) Data Center Design and Delivery Energy-Efficient Computing GPU-as-a-Service Renewable Energy Integration

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Debt T: - FT: Debt	A: 2150000000 MR: - FA: 2.15 billion FAN: 2150000000	D: 2026-03-04 FD: 2026-03-04	-
2	RT: Debt T: - FT: Debt	A: 2150000000 MR: - FA: 2.15 billion FAN: 2150000000	D: 2026-03-02 FD: 2026-03-02	-
3	RT: Debt T: - FT: Debt	A: 100000000 MR: - FA: $100 million FAN: 100000000	D: 2025-12-18 FD: 2025-12-18	1 investors
4	RT: Debt T: - FT: Debt	A: 2350000000 MR: - FA: 2.35 billion FAN: 2350000000	D: 2025-11-13 FD: 2025-11-13	-
5	RT: Preferred Equity T: - FT: Preferred Equity	A: 787500000 MR: - FA: 787.5 million FAN: 787500000	D: 2025-11-12 FD: 2025-11-12	1 investors
6	RT: Debt T: - FT: Debt	A: 2350000000 MR: - FA: $2.35 Billion FAN: 2350000000	D: 2025-11-10 FD: 2025-11-10	-
7	RT: Preferred Equity T: - FT: Preferred Equity	A: 5000000000 MR: - FA: $5.0 billion FAN: 5000000000	D: 2025-10-07 FD: 2025-10-07	1 investors
8	RT: Convertible Preferred Equity T: - FT: Convertible Preferred Equity	A: 150000000 MR: - FA: $150 million FAN: 150000000	D: 2025-04-30 FD: 2025-04-30	1 investors
9	RT: Debt Financing T: - FT: Debt Financing	A: 375000000 MR: - FA: $375 million FAN: 375000000	D: 2025-02-12 FD: 2025-02-12	1 investors
10	RT: Preferred Equity T: - FT: Preferred Equity	A: 5000000000 MR: - FA: $5.0 Billion FAN: 5000000000	D: 2025-01-14 FD: 2025-01-14	1 investors
11	RT: Debt T: - FT: Debt	A: 150000000 MR: - FA: 150 million FAN: 150000000	D: 2024-11-27 FD: 2024-11-27	1 investors
12	RT: Convertible Notes T: - FT: Convertible Notes	A: 450000000 MR: - FA: $450 million FAN: 450000000	D: 2024-11-04 FD: 2024-11-04	-
13	RT: Convertible Notes T: - FT: Convertible Notes	A: 375000000 MR: - FA: 375 million FAN: 375000000	D: 2024-10-31 FD: 2024-10-31	-
14	RT: Convertible Notes T: - FT: Convertible Notes	A: 300000000 MR: - FA: $300 million FAN: 300000000	D: 2024-10-30 FD: 2024-10-30	-
15	RT: Private Placement T: - FT: Private Placement	A: 160000000 MR: - FA: $160 million FAN: 160000000	D: 2024-09-05 FD: 2024-09-05	3 investors
16	RT: Convertible Preferred Stock T: - FT: Convertible Preferred Stock	A: 53200000 MR: - FA: $53.2 million FAN: 53200000	D: 2024-08-30 FD: 2024-08-30	1 investors
17	RT: Asset Sale T: - FT: Asset Sale	A: 25000000 MR: - FA: $25 million FAN: 25000000	D: 2024-07-30 FD: 2024-07-30	-
18	RT: Loan Commitment T: - FT: Loan Commitment	A: 125000000 MR: - FA: $125 Million (expandable up to $200 Million) FAN: 125000000	D: 2024-06-10 FD: 2024-06-10	1 investors
19	RT: Debt T: - FT: Debt	A: 200000000 MR: - FA: $200 million FAN: 200000000	D: 2024-06-07 FD: 2024-06-07	1 investors
20	RT: Convertible Debenture T: - FT: Convertible Debenture	A: 42131579 MR: - FA: $42,131,579 FAN: 42131579	D: 2024-05-24 FD: 2024-05-24	1 investors
21	RT: Convertible Debenture T: - FT: Convertible Debenture	A: 50000000 MR: - FA: $50 million FAN: 50000000	D: 2024-04-01 FD: 2024-04-01	1 investors
22	RT: Debt T: - FT: Debt	A: 16000000 MR: - FA: $16 million FAN: 16000000	D: 2024-03-05 FD: 2024-03-05	2 investors
23	RT: Debt T: - FT: Debt	A: 20000000 MR: - FA: $20 million FAN: 20000000	D: 2024-01-30 FD: 2024-01-30	-
24	RT: Loan T: - FT: Loan	A: 50000000 MR: - FA: 50.0 million FAN: 50000000	D: 2023-05-19 FD: 2023-05-19	-

Debt Latest

2026-03-04

$2.1B

Debt 2026-03-02

$2.1B

Debt 2025-12-18

$100.0M

View 23 more funding rounds with Pro

Unlock Full Funding History

Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

Markets

Operating

10K+

Customers

Active

View 3 more growth metrics with Pro

Unlock All Metrics

Mock Up

Team & Leadership

Wes Cummins

Chairman and Chief Executive Officer

LinkedIn (Pro only)

Jason Zhang

Chief Strategy Officer & Co-Founder

LinkedIn (Pro only)

Michael Dell

Saidal Mohmand

Chief Financial Officer

Laura Laltrello

Chief Operating Officer

Erin Kraxberger

Chief Marketing Officer

View 8 more team members with Pro

Unlock Full Team Directory

Key Competitors

Competitor Alpha

Series B · $50M raised

Competitor Beta

Series C · $120M raised

Competitor Gamma

Series A · $25M raised

Competitor Delta

Seed · $10M raised

Mock Up

Company Details

Website: applieddigital.com
Industries: Technology - Digital Infrastructure and Data Centers
Company Size: ~220 employees (est.)
Locations: Richmond, Virginia, USA; North Dakota, USA
Dallas

Similar Companies

Discover AI-powered company recommendations based on industry, funding, and team profiles.

Upgrade to Pro

Technology Stack

Discover the backend, frontend, and infrastructure technologies powering this company's products.