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Lambda Funding Rounds & Valuation History (2024–2026)

Private Valuation & Funding Round Tracker · Lambda

Lambda funding rounds & valuation history

Lambda, the San Jose GPU cloud (“neocloud”) that rents NVIDIA GPU clusters to AI labs, hyperscalers and enterprises. Funding from the Series C (Feb 2024) to the Series E (Nov 2025) plus later status rows, sourced to TechCrunch, Lambda via Business Wire, DatacenterDynamics and PitchBook.

Last updated: (IST). Every figure re-checked against the linked sources that day. Rows: 4 Currency: US$, nominal
⬇ Download CSV Cite this dataset Methodology & status definitions
Last closed round Closed
Over $1.5B
Over $1.5B Series E, Nov 2025
Raised in rounds listed
$2.3B
Sum of 3 closed rounds with a disclosed amount (GNF calc.)
Largest round
Over $1.5B
Series E, Nov 2025
Latest signal Talks
$14.5B pre-money
Pre-IPO round (reported, Oct 2026) (not a closed round)

Round history

Newest first. Dashed badges and striped rows are not closed transactions. “—” means the source does not disclose the figure or it cannot be computed on the same basis; see the note in each row.

Showing 4 of 4 rows
Lambda funding rounds, Feb 2024 to Oct 2026
DateStatusRoundAmountLead / buyerValuationVal. ÷ run-rateSource
Reported talks
Pre-IPO round (reported, Oct 2026)Reported as in progress, not announced as closed; not counted in totals.
Up to $4B (raising)
Coatue ManagementWith: Blackstone
$14.5B pre-moneyPre-money, reported (WSJ via TechCrunch)
—Not disclosedTalks-stage or discussed figure; no multiple
TechCrunch, 6 Oct 2026
Closed round
Series EWith US Innovative Technology Fund (USIT) and existing investors.
Over $1.5B
TWG Global
Not disclosedNo company valuation stated by the source
—Not disclosedNo run-rate stated in the announcement
Lambda via Business Wire, 18 Nov 2025Also: DatacenterDynamics, 9 Jan 2026
Closed round
Series DARK Invest and NVIDIA participated.
$480M
Andra CapitalWith: SGW
Over $2.4BConfirmed by Lambda to PitchBook
—Not disclosedNo run-rate stated in the announcement
PitchBook, Feb 2025Also: DatacenterDynamics, 9 Jan 2026
Closed round
Series C
$320M
—Not disclosed
Over $1.5BReported (PitchBook)
—Not disclosedNo run-rate stated in the announcement
PitchBook, Feb 2025
Step-up = valuation ÷ the prior closed valuation (GNF calc.), shown only where both figures were stated or reported and neither is a lower bound.

Valuation at each closed round

Valuations as stated or reported at each closed round with a disclosed figure; talks, tenders and filings are not plotted.

Sources: TechCrunch, Lambda via Business Wire, DatacenterDynamics, PitchBook. US$ billions, linear scale.

Timeline

Each round and share sale, oldest first.

  1. Feb 2024 · Closed

    Series C: $320M at Over $1.5B.

  2. 19 Feb 2025 · Closed

    Series D: $480M at Over $2.4B led by Andra Capital.

  3. 18 Nov 2025 · Closed

    Series E: Over $1.5B led by TWG Global.

  4. 6 Oct 2026 · Talks

    Pre-IPO round (reported, Oct 2026): Up to $4B (raising) at $14.5B pre-money.

IPO planned, not filed publicly: TechCrunch (citing the WSJ) reported in October 2026 that Lambda is planning a 2027 IPO. No public registration statement, listing or pricing had been announced as of 14 Nov 2026.

Cite this dataset

Free to quote with a link back. Copy this citation:

Lambda Funding Rounds & Valuation History. Private Valuation & Funding Round Tracker, GrowthNavigateFunding.net, updated 14 Nov 2026. https://growthnavigatefunding.net/funding/lambda/

Download the data

The same 4 rows as the table: numeric US$ columns, empty cells where a figure is not disclosed, and a source URL for every row.

File
lambda-rounds.csv (UTF-8, comma-separated)
Stable URL
https://growthnavigatefunding.net/wp-content/uploads/2026/11/lambda-rounds.csv
Columns
id, date, date_precision, status, transaction_type, round, amount_usd_low, amount_usd_high, lead_or_buyer, co_leads, valuation_usd_low, valuation_usd_high, valuation_basis, valuation_to_run_rate_multiple, multiple_bound, multiple_basis, step_up_vs_prior_closed, price_per_share_usd_low, price_per_share_usd_high, shares, source, source_url, other_source_urls, notes, last_updated
Updated
(IST)
⬇ Download CSV

Methodology & status definitions

How each row is labelled and calculated.

Closed round

A primary round announced by the company or confirmed in the press, bringing new money to the company.

Reported talks

A raise reported by the press as under discussion and not confirmed as closed. Not charted, not the last-closed valuation; no step-up or multiple.

Valuation ÷ run-rate

Post-money valuation ÷ the run-rate the company stated in that announcement (GNF calc.). Where the run-rate is “crossed” or “over” a figure, the multiple is shown as “under X×”. No row qualifies here unless shown, so no multiple is invented.

What is not a separate row

The reported $350M pre-IPO financing led by Mubadala Capital (January 2026 talks per DatacenterDynamics; reported as convertible notes, not a priced round), GPU-backed debt facilities, and NVIDIA lease-back or customer contracts.

Updates & corrections

This page stays at one address and is updated in place; the “Last updated” date above drives the citation and the dataset metadata. Corrections: hello@growthnavigatefunding.net. Informational only; not investment advice.

Changelog

  • : Dataset first compiled (AI-50 batch, not yet published).

Sources

  1. TechCrunch: AI computing startup Lambda to raise $4B ahead of planned IPO, 6 Oct 2026
  2. Lambda (Business Wire): Lambda Raises Over $1.5B From TWG Global, USIT to Build Superintelligence Cloud Infrastructure, 18 Nov 2025
  3. DatacenterDynamics: Lambda in talks to raise $350m in pre-IPO funding – report, 9 Jan 2026
  4. PitchBook: Nvidia-backed Lambda raises $480M as AI neocloud funding surges, Feb 2025