Applied Computing

UK AI firm Applied Computing has successfully secured £14.8 million ($20 million) in a funding round spearheaded by KBR, with additional investment from Databricks Ventures. This capital injection will fuel the expansion of its AI platform, Orbital, specifically designed for energy operators, and support its strategic entry into the United States market.

Summary of transaction details:

• Value: £14.8 million ($20 million)
• Sector: DeepTech & AI, Energy
• Advisor: Not specified
• Key Entities: Target: Applied Computing; Lead Investor: KBR; Participating Investor: Databricks Ventures
• Location: UK (Target Headquarters), Global (Expansion)

Note: This funding round enables Applied Computing to accelerate the commercial deployment of its physics-grounded AI platform for global energy operators, aiming to improve efficiency, reduce emissions, and strengthen reliability, while also establishing a new office in Houston, Texas for US market engagement.