AI cloud company Lambda seeks $4 billion in final round before planned IPO
Blackstone and Coatue are leading the round at a $14.5 billion pre-money valuation, the WSJ reported.
Nvidia-backed AI cloud company Lambda is raising $4 billion in a final funding round before a planned initial public offering, The Wall Street Journal reported, according to Reuters and Data Center Dynamics.
Blackstone and Coatue Management are leading the round, which targets a $14.5 billion valuation excluding the new money. Lambda is targeting an IPO in 2027, according to a letter to limited partners viewed by the Journal.
The letter said Lambda's backlog reached $50 billion in September, up from $15 billion in June, primarily linked to a deal with Anthropic valued at $35 billion, DCD reported. Lambda declined to comment to the Journal.
Founded in 2012, Lambda operates out of 15 U.S. data centres and counts Microsoft and Anthropic among its customers.
From ARQS Sponsored
For B.C. teams putting stories like this into practice, ARQS offers Flow automation, SignDesk, Northline course catalogue and ARQS security. In the ARQS Store, ARQS Pipeline Pro Setup, ARQS InvoiceFlow Billing Control Studio, ARQS InvoiceFlow Collections Console are among the newest tools available.
- Procurement intelligence
- Stock Intelligence
- Trading Intelligence
- Lead system
- DealWatch
- ARQS marketplace
- Portfolio Pulse
- AI businesses
- ARQS software
- Free AI toolkit
- AI Academy Year 2 — Applied Agentic AI Systems
- AI Academy Year 2 — Applied No-Code AI Development
- AI Academy Year 2 — Applied Business Process Automation
From our partners
Partner content
AI AcademyAI Academy course catalogueSelf-study courses in practical AI workflows from Northline Technology Institute.
ARQSARQS StoreAI receptionist, business automation, readiness reviews, website audits and launch packages.AI AcademyAI Academy Year 1: FoundationsDesign controlled AI-assisted workflows for real operations.Most read
- Court halts Vancouver Aquatic Centre demolition until after civic election
- TSX gains 319 points as energy and telecom stocks lead
- Poilievre takes his tariff-free auto pact pitch to Detroit
- 'I Play Rocky' and 'Ceremony' take VIFF audience awards
- BC Conservatives take five-point lead as leaders head into only TV debate
