AI computing startup Lambda to raise $4B ahead of planned IPO

Lambda, an AI cloud provider, is raising up to $4 billion at a $14.5 billion pre-money valuation, led by Coatue Management and Blackstone, in what may be its final private round before a planned 2027 IPO. The company's backlog surged from $15 billion in June to $50 billion in September, largely driven by a $35 billion commitment from Anthropic signed in late August, raising concerns that Lambda's valuation depends heavily on Anthropic's ability to pay. Despite the high cost of data center buildouts, investors remain eager to back GPU providers with major AI lab contracts. The raise sets the stage for Lambda's IPO pricing and provides capital before public market scrutiny, positioning it alongside Nvidia-backed neoclouds like CoreWeave and Nebius.

(Source：TechCrunch)