Lambda is a cloud startup that provides AI developers with high-performance GPU infrastructure for model training, fine-tuning, and deployment. By offering scalable cloud-based GPU solutions, Lambda has become a key player in the AI infrastructure space, catering to researchers, startups, and enterprises. The company enables seamless access to powerful computing resources, eliminating the complexities of managing on-premises hardware. With a strong focus on accessibility and performance, Lambda supports developers throughout the entire AI development lifecycle, from experimentation to production. Backed by significant investment, the company continues to expand its cloud platform to meet the growing demand for AI computing power.
Lambda has raised $480 million in a Series D funding round led by Andra Capital and SGW, with ARK Invest and Nvidia among participating investors. Lambda last raised funding in February 2024, when it received $320 million Series C which valued the company at over $1.5 billion.
Lambda, San Jose, California, United States, was founded in 2012 by Michael Balaban and Stephen Balaban. In 2023, the company joined the unicorn club. Lambda operates in the cloud computing, AI infrastructure, and hardware markets, delivering high-performance GPU solutions for machine learning, research institutions, and enterprises to accelerate AI development and large-scale data processing. “AI is fundamentally restructuring our economy. Lambda is investing billions of dollars to build the software platform and infrastructure powering AI,” said Lambda CEO and co-founder Stephen Balaban. “We build software tools that delight the AI Developer, and a platform that truly puts AI into the hands of the many. This investment will accelerate the expansion of the Lambda Cloud platform, Lambda Model Inference API, and Lambda Chat AI Assistant.”
Share this post