According to sources, Lambda, an AI cloud computing provider backed by NVIDIA (NVDA.O), is negotiating a funding round of up to $3 billion, which could pave the way for an IPO next year. Sources say that as an emerging cloud company offering rental services for chips and other AI infrastructure, Lambda is discussing a funding round with a valuation of up to $12 billion or higher. The negotiations are still ongoing, and terms have not been finalized. Lambda has received multiple investment offers for this round, and insiders say this could set the stage for an initial public offering (IPO) as early as next year. Some sources indicate the company is expected to generate revenue exceeding $1.5 billion this year. (Jinshi)
Lambda AI Cloud Service Provider in Talks for $3B Funding Round at $120B Valuation
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Summary
Lambda, a leading AI and crypto news platform backed by NVIDIA, is in discussions for a $3 billion funding round at a valuation of $120 billion or more. The funding news comes as the company prepares for an IPO in 2026. Lambda, which provides AI infrastructure and chip leasing services, is projected to generate $1.5 billion in revenue this year. Multiple investment offers have already been received, indicating strong market interest.
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