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AI Cloud Provider Lambda in Talks for $3 Billion Pre-IPO Round
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AI Cloud Provider Lambda in Talks for $3 Billion Pre-IPO Round Lambda Inc., an AI cloud-computing provider backed by Nvidia Corp., is in talks to raise as much as $3 billion in a round that could tee it up to go public next year, according to people familiar with the efforts. The company, part of a group of “neoclouds” that rent access to chips and other AI infrastructure, has discussed raising the money at a valuation of as much as $12 billion or more, the people said, asking not to be...
AI Cloud Provider Lambda in Talks for $3 Billion Pre-IPO Round
Lambda Inc., an AI cloud-computing provider backed by Nvidia Corp., is in talks to raise as much as $3 billion in a round that could tee it up to go public next year, according to people familiar with the efforts.
The company, part of a group of “neoclouds” that rent access to chips and other AI infrastructure, has discussed raising the money at a valuation of as much as $12 billion or more, the people said, asking not to be identified because the discussions aren’t public. The fundraising talks are ongoing and deal terms haven’t been finalized, they said.