Nvidia-backed Lambda seeks up to $4 billion at $14.5 billion valuation - WSJ
Stockwhiz•06/10/2026•13:32 ET
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Key Highlights
- ➤Lambda seeks up to $4 billion at a $14.5 billion pre-money valuation
- ➤Lambda backlog surged from $15 billion in June to $50 billion in September
- ➤Lambda targets a 2027 IPO, pending execution and market conditions
- ➤Blackstone and Coatue Management are leading Lambda’s pre-IPO funding round
- ➤Nvidia participated in Lambda’s $480 million Series D round in February 2025
Lambda, backed by Nvidia (NASDAQ: NVDA), is raising up to $4 billion in a Blackstone- and Coatue-led round valuing the AI infrastructure provider at $14.5 billion before the new capital.
Lambda management is targeting an initial public offering in 2027, subject to execution and market conditions, according to a letter sent to the company’s limited partners and reviewed by The Wall Street Journal. The fundraising is expected to be the company’s final round before the planned IPO.
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