Applied Compute has raised $350 million in new funding at a $3.25 billion valuation. The round was led by Elad Gil, with participation from Kleiner Perkins, Lux Capital, Hanabi Capital, NVIDIA, Blackstone, Shopify Ventures, HubSpot Ventures, Diffusion, Definition, Timeless, Layer Global, Neo, Abstract, Nova, Quantum Light, First Harmonic, and Swish.