Tech Company Financing Transactions
Applied Digital Funding Round
On 5/4/2026, Applied Digital announced $300 million in funding from Goldman Sachs and private investors.
Transaction Overview
Company Name
Announced On
5/4/2026
Transaction Type
Debt
Amount
$300,000,000
Round
Undisclosed
Investors
Goldman Sachs (Lead Investor)
Proceeds Purpose
This financing supports the continued development of our third AI data center at Polaris Forge 1 and reflects our disciplined approach to funding projects in line with construction timelines.
Company Information
Company Status
Private & Independent
Industry
Infrastructure
Mailing Address
3811 Turtle Creek Blvd. 2100
Dallas, TX 75219
USA
Dallas, TX 75219
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Applied Digital is constructing the epicenter of AI. To achieve this, Applied had to crack the code on harnessing massive amounts of compute power, situated in high-density, low-latency environments. In most industries, companies generate supply and then search for demand. However, the AI revolution demanded a complete overhaul of digital infrastructure to accommodate the immense compute workloads of AI. Applied Digital's Data Center Solutions are designed specifically to meet the needs of high-performance computing applications, including AI and machine learning.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Wes Cummins
Chief Financial Officer
Saidal Mohmand
Chief Marketing Officer
Erin Kraxberger
Chief Operating Officer
Laura Laltrello
President
Jason Zhang
VP - Bus. Development
Todd Gale
VP - General Counsel
Mark Chavez
VP - Regulatory Affairs
Nick Phillips
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