Nvidia-backed Lambda reportedly targets $4 billion raise ahead of planned IPO
BX•Nvidia-backed cloud-computing company Lambda is reportedly raising up to $4 billion at a $14.5 billion pre-money valuation in what would be its final funding round before a planned IPO. Its backlog of unfilled orders grew to $50 billion in September from $15 billion in June.
1. Funding round
Investment firms Blackstone and Coatue Management are leading Lambda’s funding round, which could raise up to $4 billion at a $14.5 billion pre-money valuation.
2. IPO and backlog
Lambda is aiming to go public in 2027, depending on execution and market conditions, a letter to limited partners said. The company’s backlog of unfilled orders grew to $50 billion in September from $15 billion in June.
