Lambda targets four billion dollar pre IPO funding
Nvidia backed cloud computing company Lambda is seeking up to four billion dollars in funding ahead of a planned twenty twenty seven initial public offering. Blackstone and Coatue Management are reportedly leading the investment round.
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Cloud-computing provider Lambda is targeting a $4 billion raise at a pre-money valuation of $14.5 billion, backed by NVIDIA CORP. The round represents the company's final funding effort before a planned IPO. Lambda is scaling its operations to meet surging demand for artificial intelligence infrastructure.
