Fundraising Fox

Applied Digital

NASDAQ: APLD

Dallas, US · Nevada corporation

Applied Digital builds and operates large-scale data centers purpose-built for AI, machine learning, and high-performance computing workloads. The company designs campuses with high-density, low-latency infrastructure to support next-generation artificial intelligence applications.

Founders & leadership

KR
Kate ReedinExecutive
WCWes Cummins
Wes CumminsinExecutive
DR
David RenchinChief Financial Officer

Board

RL
Rachel LeeBoard director
DM
Douglas MillerBoard director
CH
Chuck HastingsBoard director
RN
Richard NottenburgBoard director
EB
Ella BensonBoard director
KM
Kelli McDonaldBoard director
VM
Virginia MooreBoard director
JZ
Jason ZhangBoard director

Reported raises · per SEC filings

Form D private placements

$209M disclosed across 3 of 4 rounds · 2021–2026

$160MraisedSep 2024 · 13 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Kate ReedExecutive Officer, Director
  • Wes CumminsExecutive Officer, Director
  • Rachel LeeDirector
  • Douglas MillerDirector
  • Chuck HastingsDirector
  • Richard NottenburgDirector
  • Ella BensonDirector
Offering amount
$160M
Amount sold
$160M
Placement agents
Goldman Sachs & Co. LLC
First sale
Sep 2024
Incorporated
Corporation, Nevada
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$32.5MraisedAug 2021 · 88 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Jason ZhangDirector
  • Douglas MillerDirector
  • Regina IngelExecutive Officer, Director
  • Virginia MooreDirector
  • David RenchExecutive Officer
  • Chuck HastingsDirector
  • Wesley CumminsExecutive Officer, Director
  • Richard NottenburgDirector
  • Kelli McDonaldDirector
Offering amount
$34.5M
Amount sold
$32.5M
Sales commissions
$2.3M
Placement agents
B. Riley Securities, Inc.
First sale
Jul 2021
Incorporated
Corporation, Nevada
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$16.5MraisedApr 2021 · 49 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Chuck HastingsDirector
  • Wesley CumminsExecutive Officer, Director
  • Kelli McDonaldDirector
  • Douglas MillerDirector
  • Virginia MooreDirector
  • Jason ZhangDirector
  • David RenchExecutive Officer
Offering amount
$16.5M
Amount sold
$16.5M
Sales commissions
$1.2M
Placement agents
B. Riley Securities, Inc.
First sale
Apr 2021
Incorporated
Corporation, Nevada
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 5

by search overlap

Companies competing with Applied Digital for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Frequently asked questions

What does Applied Digital do?
Applied Digital builds and operates large-scale data centers purpose-built for AI, machine learning, and high-performance computing workloads. The company designs campuses with high-density, low-latency infrastructure to support next-generation artificial intelligence applications.
How much funding has Applied Digital raised?
Applied Digital has disclosed $209M raised across 3 of its 4 known rounds.
Where is Applied Digital headquartered?
Applied Digital is headquartered in Dallas, US.