Total amount raised
$1.4 Billions
Latest funding date
2/1/2025
Location
Lambda has successfully raised significant funding through multiple rounds, including a Series D. The company specializes in providing infrastructure, cloud services, and software for AI model training and inferencing.
Keep reading to explore the intricacies of Lambda's fundraising journey and the investors backing this innovative platform.
What Is Lambda?
Lambda, founded in 2012 by Michael Balaban and Stephen Balaban, is headquartered in San Francisco, California. The company specializes in providing GPU computing solutions for AI developers, offering both cloud-based and hardware solutions to facilitate AI training and inference.
Lambda's product lineup includes on-demand GPU instances, private cloud solutions, managed Kubernetes services, and hardware products like NVIDIA DGX systems and customizable GPU workstations. Their software stack, Lambda Stack, is used by over 50,000 machine learning teams.
With a team of 251-500 employees, Lambda continues to innovate in the field of deep learning infrastructure, aiming to accelerate human progress through advanced computation.
How Much Funding Has Lambda Raised?
- Series A
- Amount Raised: $15M
- Date: July 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their initial product offerings and scale operations.
- Debt Financing
- Amount Raised: $9.5M
- Date: July 2021
- Lead Investors: Silicon Valley Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional working capital for operational expenses.
- Series B
- Amount Raised: $44M
- Date: March 2023
- Lead Investors: Mercato Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and market expansion.
- Venture Round
- Amount Raised: $39.7M
- Date: November 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their AI infrastructure capabilities.
- Series C
- Amount Raised: $320M
- Date: February 2024
- Lead Investors: US Innovative Technology Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and expansion in the AI cloud services market.
- Debt Financing
- Amount Raised: $500M
- Date: April 2024
- Lead Investors: Macquarie Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale GPU Cloud and purchase Nvidia's AI chips.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: October 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop AI infrastructure.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: November 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for early investors and employees.
- Series D
- Amount Raised: $480M
- Date: February 2025
- Lead Investors: Andra Capital, SGW
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand global operations and enhance product offerings.
Total Amount Raised: $1.408B. Current Valuation: Not publicly disclosed.
Key Investors
- Andra Capital
- Details: Andra Capital is a venture capital firm based in San Francisco, focusing on late-stage technology companies. They aim to democratize access to high-growth private technology companies through their innovative investment platform.
- Investment Focus Areas: Technology, Fintech, Healthcare.
- Notable Investments: SpaceX, Palantir, Lyft.
- SGW
- Details: SGW is a private equity firm that invests in high-growth companies across various sectors. They provide strategic support and capital to help companies scale and achieve their growth objectives.
- Investment Focus Areas: Technology, Consumer Goods, Healthcare.
- Notable Investments: Not publicly disclosed.
- Macquarie Group
- Details: Macquarie Group is a global financial services group providing banking, financial, advisory, investment, and funds management services. They are known for their expertise in asset management and infrastructure financing.
- Investment Focus Areas: Financial Services, Infrastructure, Real Estate.
- Notable Investments: Not publicly disclosed.
- US Innovative Technology Fund
- Details: Led by billionaire Thomas Tull, US Innovative Technology Fund focuses on investing in cutting-edge technology companies. They aim to support innovation and technological advancements across various industries.
- Investment Focus Areas: Technology, Media, Healthcare.
- Notable Investments: Not publicly disclosed.
- Mercato Partners
- Details: Mercato Partners is a growth equity firm that invests in high-growth technology and consumer companies. They provide capital and strategic guidance to help companies scale and achieve their full potential.
- Investment Focus Areas: Technology, Consumer, Healthcare.
- Notable Investments: Cradlepoint, Stance, Sphero.
What's Next for Lambda?
Lambda's future looks promising as they leverage a $500 million loan to scale their GPU Cloud and acquire Nvidia's latest AI chips. This move positions them to capture a larger share of the competitive AI market, driven by the high demand for advanced computing solutions.
With the potential for further asset-based financing and continued interest from private investors, Lambda is well-placed for future fundraising opportunities. However, they must navigate the high costs of AI chips and a competitive landscape to maintain their growth trajectory.
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