Applied Digital raised $160 million in a funding round led by Nvidia to fuel growth and expand its AI cloud-computing business.
Applied Digital raised $160 million in a funding round led by Nvidia to fuel growth and expand its AI cloud-computing business.
09/05/24, 3:28 PM
Location
dallasMoney raised
$160 million
Industry
data center
it infrastructure
information technology
Investors
Nvidia
Applied Digital has raised $160 million in a funding round to enhance its operations in AI and data center solutions. The funding will support growth and debt-financing projects for a new data center in North Dakota.
Company Info
Location
dallas, texas, united states
Additional Info
Applied Digital Corporation (Nasdaq: APLD) designs, develops and operates next-generation data centers across North America to provide digital infrastructure solutions to the rapidly growing high-performance computing (HPC) industry.