Lambda in Talks to Raise $3 Billion Ahead of Potential IPO
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Lambda, an AI cloud-computing provider backed by Nvidia, is reportedly in discussions to raise up to $3 billion in a funding round that could pave the way for an initial public offering (IPO) as early as next year. The company's revenue this year is estimated to reach over $1.5 billion. This potential raise follows a previous financing round earlier in the year where Lambda borrowed $917 million against its GPUs to purchase more of them.
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AI Cloud Provider Lambda in Talks for $3 Billion Pre-IPO Round
Lambda, an AI cloud-computing provider backed by Nvidia, is in talks t...
Sources: Nvidia-backed neocloud Lambda is in talks to raise up to $3B...
Lambda is raising up to $3bn before an IPO, months after borrowing $91...
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