Applied Compute has successfully completed an $80 million funding round, elevating its post-money valuation to $1.3 billion. The round was led by Kleiner Perkins, with contributions from notable investors including Elad Gil, Lux Capital, Greenoaks, NEO, and Hana Bicapital. This latest investment brings the company's total funding to $160 million. The company focuses on developing intelligent agents tailored for enterprise use, aiming to bridge the gap between "smart" and "useful" through its "Specific Intelligence" approach. These agents are designed to evolve continuously by being trained on real-world company operations, helping organizations enhance their institutional context by integrating specific workflows and performance metrics into production environments.