AI cloud provider Lambda is in pre-IPO funding talks for up to $3 billion

iconChainthink
Share
AI summary iconSummary
Lambda is in pre-IPO funding discussions for up to $3 billion, according to project funding reports. The AI cloud provider could file for an IPO as early as next year, with valuation estimates reaching $12 billion or more. As a neocloud company offering AI and chip infrastructure leasing, Lambda remains actively engaged in negotiations, though terms are still being finalized. The funding news emerges amid growing interest in AI and crypto, as demand for AI infrastructure continues to rise.

ChainThink reports that, on August 25, Bloomberg reported that Lambda, an AI cloud computing provider backed by NVIDIA, is in talks for a pre-IPO funding round of up to $3 billion.

This funding round may pave the way for its listing next year, with valuation discussions reaching as high as $12 billion or more.

Lambda's fundraising negotiations are still ongoing, and the deal terms have not been finalized, as one of the companies offering chip and AI infrastructure leasing services called "neocloud."

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.