Lambda Raises $3 Billion at $12 Billion Valuation, Paving the Way for Next Year’s IPO

AI cloud service provider Lambda is raising $3 billion at a valuation of up to $12 billion, potentially paving the way for an IPO next year. The company expects to generate over $1.5 billion in revenue this year and has received multiple letters of intent from investors. According to insiders, this funding round may prepare the company for a public listing in 2027. Last November, Lambda completed a funding round of over $1.5 billion led by TWG Global, with other investors including Andra Capital, ARK Invest, NVIDIA, and OpenAI co-founder Andrej Karpathy.

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