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Lambda

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  1. 2026

    Lambda raising up to $4 billion at $14.5 billion pre-money valuation ahead of planned 2027 IPO

    Nvidia-backed AI cloud provider Lambda is raising up to $4 billion at a $14.5 billion pre-money valuation in a round led by Coatue Management and Blackstone, in what could be its last private round before a planned 2027 IPO, according to The Wall Street Journal. A letter to investors showed Lambda's backlog grew from $15 billion in June to $50 billion in September, an increase driven largely by a $35 billion commitment from Anthropic signed in late August.

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