Applied Digital - About the company
Applied Digital is a public company based in Dallas (United States), founded in 2021 by Wes Cummins and Jason Zhang. It operates as a Provider of data centers and cloud solutions for high-performance computing. Applied Digital has raised an undisclosed amount in funding. The company has 1157 active competitors, including 118 funded and 216 that have exited. Its top competitors include companies like CoreWeave, Equinix and Together AI.
Company Details
Provider of data centers and cloud solutions for high-performance computing. The company delivers infrastructure designed to accommodate artificial intelligence factory deployments and accelerated computing. It offers data center solutions engineered to meet specifications of accelerated compute roadmaps. The company also provides a cloud service that offers computing power for workloads like artificial intelligence and machine learning.
- Website
- www.applieddigital.com/
- Social
- Email ID
- *****@applieddigital.com
Key Metrics
Founded Year
2021
Location
Dallas, United States
Stage
Public
Latest Funding Round
Investors
Ranked
80th among 1157 active competitors
Annual Revenue
$100M - $500M as on May 31, 2025
Employee Count
205 as on May 31, 2025
Investment & Acquisitions
Exit Details
Public
Legal entities associated with Applied Digital
Applied Digital is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
APPLIED DIGITAL CORP. CIN: 1144879 , United States, Active | Apr 05, 1987 | $100M - $500M (As on May 31, 2025) | 205 (As on May 31, 2025) | - |
Applied Digital's IPO details
Applied Digital got listed on Apr 13, 2022.
Click here to take a look at Applied Digital's IPO in detail
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Applied Digital's funding and investors
Applied Digital has raised funding over 2 rounds. Its first funding round was on Sep 05, 2024. Its latest funding round was a Post IPO round on Oct 07, 2025 for $*****. 1 investor participated in its latest round. Applied Digital has 1 institutional investor.
Here is the list of recent funding rounds of Applied Digital:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 07, 2025 | 9137915 | Post IPO | 8020239 | 4121195 | 4366718 | 8786564 |
Sep 05, 2024 | 7207753 | Post IPO | 5469689 | 4416313 | 3495114 | 2583034 |
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Applied Digital's founders and board of directors
Founder? Claim ProfileThe founders of Applied Digital are Wes Cummins and Jason Zhang. Wes Cummins is the CEO of Applied Digital.
Here are the details of Applied Digital's key team members:
- Wes Cummins: Co-Founder & CEO of Applied Digital. Contact Info: 1 phone number
- Jason Zhang: Co-Founder of Applied Digital.
View details of Applied Digital's Founder profiles and Board Members
Applied Digital's employee count trend
Applied Digital has 205 employees as of May 25. The total employee count is 37.0% more than what it was in May 24. Here is Applied Digital's employee count trend over the years:
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Applied Digital's Competitors and alternates
Top competitors of Applied Digital include CoreWeave, Equinix and Together AI. Here is the list of Top 10 competitors of Applied Digital, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  CoreWeave 2017, Livingston (United States), Public | Provider of cloud computing services for artificial intelligence workloads | $2.38B | 81/100 | |
2nd |  Equinix 1998, Redwood City (United States), Public | Operator of data centers providing colocation and network interconnection services | $175M | 79/100 | |
3rd | Together AI 2022, San Francisco (United States), Series C | Provider of a platform for developing, fine-tuning, and deploying AI models | $1.33B | 75/100 | |
4th | DataBank 2005, Dallas (United States), Acquired | Provider of colocation, cloud, bare metal, interconnection, and managed services | $2.44B | 75/100 | |
5th | ST Telemedia Global Data Centres 2014, Singapore (Singapore), Acquired | Operator of data centers providing colocation and network connectivity services | $1.3B | 74/100 | |
6th |  Tuya 2014, Santa Clara (United States), Public | Provider of AI cloud platform services for smart product development | $200M | 74/100 | |
7th |  FluidStack 2017, New York City (United States), Series B | Provider of high performance computing infrastructure for artificial intelligence workloads | $2.55B | 72/100 | |
8th | Operator of interconnected facilities providing colocation, cloud, and managed services | $501M | 71/100 | ||
9th |  Theta Token 2016, Cupertino (United States), Series A | Decentralized video delivery platform | $9.26M | 70/100 | |
10th | Operator of scalable, secure, and resilient data centers providing colocation, built-to-suit, and interconnection services | $1.24B | 69/100 | ||
80th |  Applied Digital 2021, Dallas (United States), Public | Provider of data centers and cloud solutions for high-performance computing | - | 54/100 |
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Applied Digital's Investments and acquisitions
Applied Digital has a total of 1 investment in Corintis. Applied Digital has not made any acquisitions as of now.Reports related to Applied Digital
Here is the latest report on Applied Digital's sector:
News related to Applied Digital
Filter this listMedia has covered Applied Digital for a total of 60 events in the last 1 year, 35 of them have been about company updates and 3 about partnerships.
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Applied Digital Reaches 75 MW Capacity Milestone at Polaris Forge 1 Amidst Stock DeclineWall St.•Oct 05, 2026•Applied Digital
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Applied Digital Anticipates Becoming Largest Taxpayer in North DakotaInforum•Sep 01, 2026•Applied Digital
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Applied Digital Reports Fiscal Fourth Quarter and Full Year 2026 ResultsGlobeNewswire•Jul 28, 2026•Applied Digital
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Applied Digital Sets Fiscal Fourth Quarter and Full Year 2026 Conference Call for July 27GlobeNewswire•Jul 16, 2026•Applied Digital
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Applied Digital plans $3.6 Billion expansion in Alexandria Louisiana creating 200 new jobs.intelligence360•Jul 01, 2026•Applied Digital
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Applied Digital Achieves Ready for Service for Phase 1 of Building 2 at Polaris ForgeGlobeNewswire•Jul 01, 2026•Applied Digital
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Montana-Dakota Utilities and Applied Digital Sign Electric Service Agreement for New AI FactoryMiningstockeducation•Jun 23, 2026•Montana Dakota, Applied Digital, MDU Resources
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Applied Digital Prices $1.59 Billion Senior Secured Notes OfferingGlobeNewswire•Jun 09, 2026•Applied Digital, Latham & Watkins
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