Nvidia-Backed Lambda Raises $4 Billion in Record Funding Round Before 2027 IPO

Lambda, the Nvidia-backed GPU cloud infrastructure company, is raising up to $4 billion at a pre-money valuation of $14.5 billion in a final funding round ahead of a planned 2027 public offering. Blackstone and Coatue Management are leading the round, which represents a dramatic acceleration for the AI infrastructure provider just months after securing substantial earlier capital.