#Lambda
3 stories · 2 issues · daily Lambda news timeline
Financing and transaction coverage
Dates are our publication dates. Announcements and talks are not closing; different reports may concern the same transaction.
- · Lambda · Up to $4 billion · Pre-IPO round (in talks) · In talks, not closed
#Lambda timeline · newest first
Sat, Oct 10
AI cloud provider Lambda is in talks for a pre-IPO round of up to $4 billion at a $14.5 billion pre-money valuation, after its backlog grew to $50 billion in three months
Compute-leasing companies are increasingly valued on the long-term contracts they hold, and with those contracts concentrated in a few model companies, their fates are tied together.
Nvidia-backed Firmus withdraws its roughly $5 billion Australian IPO and turns to private markets
Compute companies have grown more expensive with every private round, and only at the door of the public market did they first meet buyers unwilling to pay the asking price.
Sat, Aug 29
Lambda borrows $1 billion for Nvidia GPUs, with repayment riding on Microsoft's lease
When repayment comes from another company's lease, AI compute debt is no longer priced on the borrower.