TLDR Tech / News
AI startup Lambda secures up to $4B in funding before IPO
AI neocloud company Lambda, with backing from Nvidia, is securing as much as $4 billion before its planned initial public offering. The round, led by Blackstone and Coatue, values the company at $14.5 billion before the investment. Lambda's order backlog reached $50 billion in September, boosted by a $35 billion agreement with Anthropic for Nvidia chip rentals. The company is reportedly aiming for an IPO in 2027.
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