Thenextweb iconThenextwebAug 25, 2026

Lambda is raising up to $3bn before an IPO, months after borrowing $917m for chips

Lambda is in talks to raise up to $3bn in pre-IPO financing at a valuation of $12bn or more, according to Bloomberg, as the Nvidia-backed cloud provider prepares for a listing expected next year. The raise follows a very different kind of financing earlier in its run, when Lambda borrowed $917mn against its GPUs to buy more […] This story continues at The Next Web

Lambda is raising up to $3bn before an IPO, months after borrowing $917m for chips

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Lambda is in talks to raise up to $3bn in pre-IPO financing at a valuation of $12bn or more, according to Bloomberg, as the Nvidia-backed cloud provider prepares for a listing expected next year.

The raise follows a very different kind of financing earlier in its run, when Lambda borrowed $917mn against its GPUs to buy more […] This story continues at The Next Web

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Lambda is in talks to raise up to $3bn in pre-IPO financing at a valuation of $12bn or more, according to Bloomberg, as the Nvidia-backed cloud provider prepares for a listing expected next year. The raise follows a very different kind of financing earlier in its run, when Lambda borrowed $917mn against its GPUs to buy more […] This story continues at The Next Web

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