About Applied Digital
Applied Digital is a company based in Dallas (United States) founded in 2021 by Jason Zhang and Wes Cummins.. The company has 205 employees as of May 31, 2024. Applied Digital offers products and services including Data Center Solutions and Applied Digital Cloud. Applied Digital operates in a competitive market with competitors including Equinix, DataBank, 365 Data Centers, Interxion and Cologix, among others.
- Headquarter Dallas, United States
- Employees 205 as on 31 May, 2024
- Founders Jason Zhang, Wes Cummins
- Stage Public
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Applied Digital Corporation
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Annual Revenue
$144.19 M5.54as on May 31, 2024
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Net Profit
$-231.06 M-54.79as on May 31, 2024
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EBITDA
$-23.03 M-458.67as on May 31, 2024
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Latest Funding Round
$112.5 M (USD), Post-IPO
Oct 07, 2025
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Investors
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Employee Count
205
as on May 31, 2024
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IPO & Listings of Applied Digital
Applied Digital is a publicly listed company on the NASDAQ with ticker symbol APLD in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Applied Digital
Applied Digital offers a comprehensive portfolio of products and services, including Data Center Solutions and Applied Digital Cloud. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Purpose-built centers for AI and HPC with efficient cooling.
Provides GPU-as-a-Service for AI, ML, and rendering tasks.
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Funding Insights of Applied Digital
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $112.5M
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First Round
First Round
(05 Sep 2024)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2025 | Amount | Post-IPO - Applied Digital | Valuation |
investors |
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| Sep, 2024 | Amount | Post-IPO - Applied Digital | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Applied Digital
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Applied Digital
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Applied Digital Comparisons
Competitors of Applied Digital
Applied Digital operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Equinix, DataBank, 365 Data Centers, Interxion and Cologix, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of colocation data center services
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| domain | founded_year | HQ Location |
Data center colocation solutions are offered by DataBank.
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| domain | founded_year | HQ Location |
Data center colocation services are operated across 14 US locations.
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| domain | founded_year | HQ Location |
Platform offering data center colocation solution
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| domain | founded_year | HQ Location |
Data center colocation and management solutions are offered.
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| domain | founded_year | HQ Location |
Decentralized peer-to-peer video delivery is enabled through token rewards.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Applied Digital
Frequently Asked Questions about Applied Digital
When was Applied Digital founded?
Applied Digital was founded in 2021 and raised its 1st funding round 3 years after it was founded.
Where is Applied Digital located?
Applied Digital is headquartered in Dallas, United States. It is registered at Dallas, Texas, United States.
Who is the current CEO of Applied Digital?
Wes Cummins is the current CEO of Applied Digital. They have also founded this company.
How many employees does Applied Digital have?
As of May 31, 2024, the latest employee count at Applied Digital is 205.
What is the annual revenue of Applied Digital?
Annual revenue of Applied Digital is $144.19M as on May 31, 2024.
What does Applied Digital do?
Applied Digital was founded in 2021 and is based in Dallas, United States. Digital infrastructure solutions are delivered through next-generation datacenters. High-performance computing, artificial intelligence, and data-intensive applications are supported by these operations. The company functions within the technology sector, with a focus on datacenter services across the US. Core activities emphasize reliable infrastructure for intensive data needs.
Who are the top competitors of Applied Digital?
Applied Digital's top competitors include Equinix, DataBank and 365 Data Centers.
What products or services does Applied Digital offer?
Applied Digital offers Data Center Solutions and Applied Digital Cloud.
Is Applied Digital publicly traded?
Yes, Applied Digital is publicly traded on NASDAQ under the ticker symbol APLD.
What is Applied Digital's ticker symbol?
The ticker symbol of Applied Digital is APLD on NASDAQ.
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