Lambda, supported by Nvidia, seeks $4B before IPO

Lambda, a company supported by Nvidia, is seeking to raise $4 billion in a new funding round that could be its last before its anticipated initial public offering (IPO) in 2027. The round is targeting a valuation of approximately $14.5 billion, led by Blackstone and Coty Management. The increased demand for cloud computing services related to artificial intelligence has driven this momentum, with the company’s unfulfilled orders rising to around $50 billion in September. Lambda focuses on providing cloud computing infrastructure and graphics processing units (GPUs) used in training and deploying artificial intelligence models.

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