AI computing startup Lambda to raise $4B ahead of planned IPO
Nvidia-backed Lambda is raising up to $4 billion at a $14.5 billion pre-money valuation ahead of a planned 2027 IPO, led by Coatue and Blackstone.
TL;DR
- Lambda is raising up to $4 billion at a $14.5 billion pre-money valuation.
- This is potentially Lambda's last private funding round before a planned 2027 IPO.
- Coatue Management and Blackstone are leading the funding round.
- Lambda's backlog has significantly increased, driven by a $35 billion commitment from Anthropic.
- The valuation may heavily depend on Anthropic's continued payments.
- Lambda recently raised an additional $1 billion in debt.
- The company is preparing for its IPO to fund data center buildouts, joining other Nvidia-backed neoclouds like CoreWeave and Nebius.