AI cloud startup Lambda raises $480 million in new round; Nvidia among investors

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AI cloud startup Lambda raises $480 million in new round; Nvidia among investors

//stocks-investing.news-articles.net/content/202 .. million-in-new-round-nvidia-among-investors.html

Published in Stocks and Investing on Wednesday, February 19th 2025 at 11:21 GMT by Yahoo

Lambda, a cloud computing firm specializing in providing hardware and services to power artificial intelligence development, has raised $480 million in a Series D equity round from investors including Nvidia,

Lambda, a startup specializing in cloud computing and artificial intelligence, has successfully raised $320 million in a Series C funding round, valuing the company at $1.5 billion. This investment was led by billionaire Thomas Tull's US Innovative Technology Fund, with participation from other notable investors like Breyer Capital, SK Networks, and others. The funds will be used to expand Lambda's GPU cloud infrastructure, which is crucial for running AI models, and to develop its own AI software. Lambda's CEO, Stephen Balaban, highlighted the company's focus on providing the necessary computing power for AI development, aiming to make AI more accessible and efficient for developers and businesses. The company also plans to enhance its offerings in AI training and inference, positioning itself as a key player in the rapidly growing AI market.

Read the Full Yahoo Article at:
[ https://www.yahoo.com/tech/ai-cloud-startup-lambda-raises-160943667.html ]

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