NVIDIA support! Cloud service provider Lambda rushes for IPO financing, valuation may exceed $4 billion

Zhitong
2025.08.15 06:57
portai
I'm PortAI, I can summarize articles.

Cloud computing infrastructure company Lambda is in talks with investors for a new round of financing, with an expected company valuation of $4 to $5 billion in preparation for an initial public offering (IPO). Lambda has received investment from NVIDIA and plans to go public by the end of the year, with the financing scale potentially reaching hundreds of millions of dollars. The company raised $480 million in its Series D financing completed in February this year, with a valuation of $2.5 billion. Lambda has deployed over 1 million NVIDIA GPUs in data centers across multiple cities, with total financing exceeding $860 million

According to informed sources, Lambda, a cloud computing infrastructure company that has received investment from NVIDIA (NVDA.US), is in talks with investors for a new round of financing, with the company's valuation potentially reaching $4 to $5 billion, paving the way for a subsequent initial public offering (IPO). The California-based company may go public as early as the end of this year and has already initiated preliminary discussions with several investment banks regarding IPO underwriting.

Sources indicate that this round of financing could amount to several hundred million dollars. Financial data provider PitchBook shows that Lambda raised $480 million in its Series D financing completed in February this year, with a valuation of $2.5 billion. This round was led by Andra Capital and the family office SGW of early Google (GOOGL.US) investor Scott Hassan, with participation from OpenAI co-founder Andrej Karpathy, "Cathie Wood" led Ark Invest, NVIDIA, and other institutions and individuals.

If Lambda swiftly advances its IPO after the financing, it is expected to continue the current market enthusiasm for the artificial intelligence (AI) cloud computing sector. Previously, cloud computing provider CoreWeave Inc. (CRWV.US) went public at the end of March, with its stock price more than doubling since its issuance. This New Jersey-based company in Livingston, as an important partner of NVIDIA, has attracted the attention of many fund managers looking to invest in the AI cloud infrastructure sector.

According to Lambda's official website, the company, founded in 2012, has deployed over 1 million NVIDIA graphics processing units (GPUs) in data centers across cities such as Atlanta, Los Angeles, Chicago, and Austin, and has offices in San Jose and San Francisco. The financing in February was primarily used to expand the Lambda cloud platform, and the company has raised over $860 million in total funding to date. Notably, Bloomberg Beta, the venture capital arm of Bloomberg LP, is also one of Lambda's investors.

Informed sources emphasized that the related financing and IPO plans are still under discussion, and specific terms may vary. Due to the confidential nature of the matter, these individuals requested anonymity. A Lambda spokesperson declined to comment on market rumors

Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.