"Lambda Inc., a cloud infrastructure firm, is negotiating a funding round that could value it at $4 billion to $5 billion ahead of a potential IPO."
"The funding round is expected to be in the hundreds of millions of dollars, following Lambda's Series D round that raised $480 million at a $2.5 billion valuation."
"Founded in 2012, Lambda has over 1 million Nvidia GPUs across data centers in multiple cities and raised over $860 million in total funding."
"The discussions highlight excitement in AI cloud infrastructure, particularly as CoreWeave Inc.'s shares have more than doubled since its market debut."
Lambda Inc. is negotiating with investors for a potential funding round that may value the company between $4 billion and $5 billion ahead of an IPO. Discussions could lead to Lambda going public by the end of the year, following a previous funding round in February that raised $480 million at a $2.5 billion valuation. The company, known for its cloud computing and AI infrastructure, has over 1 million Nvidia GPUs and has raised over $860 million in total. Interest in AI cloud infrastructure is growing, as seen with CoreWeave's stock performance.
Read at www.mercurynews.com
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