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Lambda Raises $480M Series D

Summary by Citybiz

Lambda, a San Francisco, CA-based company developing an AI cloud platform, raised $480M in Series D funding. The round was led by Andra Capital and SGW with participation from new investors Andrej Karpathy, ARK Invest, Fincadia Advisors, G Squared, In-Q-Tel (IQT), KHK & Partners, and NVIDIA, among others, as well as strategic investment from Pegatron, Supermicro, Wistron, and Wiwynn, as well as many existing investors including 1517, Crescent Co…

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citybiz

Lambda Raises $480M Series D

2 days ago

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Verdict

AI infrastructure startup Lambda raises $480m

AI infrastructure company Lambda has secured $480m in Series D funding round, bringing its total equity raised to $863m.

3 days ago

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TechNode Global

Beyond algorithms: Prioritizing a balanced approach to AI-ready infrastructures

APAC organizations are facing mounting pressure to embrace bold generative AI strategies, prioritizing investments in areas like natural language processing and computer vision – the region’s AI investment is projected to explode fivefold, reaching US$117 billion by 2030. However, the successful deployment and operation of AI systems hinge significantly on the underlying infrastructure, which is often the least understood but most crucial compon…

3 days ago

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SiliconANGLE

AI infrastructure startup Lambda closes $480M investment - SiliconANGLE

Lambda Labs Inc., a startup with a cloud platform optimized to run artificial intelligence models, today announced that it has raised $480 million from investors. The Series D round reportedly values the company at $2.5 billion. It was led by Andra Capital and SGW with participation from more than a dozen other investors. The group […] The post AI infrastructure startup Lambda closes $480M investment appeared first on SiliconANGLE.

3 days ago

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