Lambda targets $4B pre-IPO round ahead of 2027 listing
Lambda, the Nvidia-backed AI compute startup, is reportedly raising $4 billion in what could be its final private funding round before a planned 2027 initial public offering, according to MSN. No investor details, terms, or valuation have been disclosed.
Founded in 2012, Lambda provides on-demand and reserved GPU clusters, including Nvidia’s latest VR200 NVL 72 and B300 chips, positioning itself as an option for AI training and inference workloads. The size of the reported raise may reflect demand for alternatives to major cloud providers.
The move comes amid a surge of late-stage funding in AI infrastructure. Last month, Nscale filed for a NYSE IPO after raising $3.36 billion in convertible debt, while OpenAI’s reported $30 billion round at a $1.4 trillion valuation has further delayed its own IPO plans. Lambda’s timing fits a broader trend of AI infrastructure startups eyeing public markets, though investor interest in the sector remains uneven.
Sources: msn.com
“The raise signals growing investor appetite for capital-intensive AI compute providers, even as the IPO window remains selective.”
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