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.
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.
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