"Lambda, an AI infrastructure company offering on-demand GPUs, has hired bankers for an upcoming IPO, according to reporting from The Information. Lambda has reportedly hired Morgan Stanley, J.P. Morgan, and Citi for a public listing that could happen as early as the first half of 2026. Lambda did not respond to a request for comment. The company has raised more than $1.7 billion in funding, according to Crunchbase data, from investors including Nvidia, Alumni Ventures, and Andra Capital, among others."
"Cloud provider Lambda might be following rival CoreWeave to the public markets. Lambda, an AI infrastructure company offering on-demand GPUs, has hired bankers for an upcoming IPO, according to reporting from The Information. Lambda has reportedly hired Morgan Stanley, J.P. Morgan, and Citi for a public listing that could happen as early as the first half of 2026. Lambda did not respond to a request for comment."
Lambda has hired Morgan Stanley, J.P. Morgan, and Citi to manage a potential initial public offering that could occur as early as the first half of 2026. Lambda operates as an AI infrastructure provider offering on-demand GPUs. The company has raised more than $1.7 billion from investors including Nvidia, Alumni Ventures, and Andra Capital, and most recently completed a $480 million Series D round in February. Lambda did not respond to a request for comment. CoreWeave, Lambda's largest rival, completed a public listing in March, indicating growing IPO activity among GPU-focused cloud providers.
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