KBR Strategic Investment in Applied Computing to Co-Develop Energy AI Products
March 29, 2026
KBR announced a strategic investment in Applied Computing, an AI foundation model developer focused on energy and industrial markets. Alongside the investment (including a board position), the parties entered a multi-year joint development agreement to co-create exclusive AI products for the energy sector by integrating Applied Computing’s Orbital model with KBR’s licensed process technologies and domain expertise.
- Buyers
- KBR
- Targets
- Applied Computing
- Industry
- AI & Machine Learning
- Location
- United Kingdom
- Transaction Type
- Growth capital
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