Lambda in Talks to Raise $3 Billion Ahead of Potential IPO
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.5 sourcesSee all sources