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Cloud provider Lambda may be gearing up for an IPO
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Cloud provider Lambda may be gearing up for an IPO

Sophie Mueller 12 views
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In Brief Posted:

Cloud provider Lambda might be following rival CoreWeave to the public markets.

Lambda, an AI infrastructure company offering on-demand GPUs, has hired bankers for an upcoming IPO, according to

Lambda did not respond to a request for comment.

The company has raised more than $1.7 billion in funding, according to Crunchbase data, from investors including Nvidia, Alumni Ventures, and Andra Capital, among others. It most recently raised $480 million in a Series D round in February.

CoreWeave, Lambda’s biggest rival, went public in March of this year.

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