Nvidia investment: AI cloud startup Lambda raises $480 million in new round; Nvidia among investors

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Lambda, a cloud computing firm specializing in providing hardware and services to power artificial intelligence development, has raised $480 million in a Series D equity round from investors including Nvidia , the company told Reuters.

The round was co-led by Andra Capital and SGW, the family office of early Google investor Scott Hassan, bringing its total equity raised to $863 million.

The company did not disclose its valuation, but sources said this round gave the firm a post-money valuation of $2.5 billion. ARK Invest, G Squared, and servers…



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Nvidia investment: AI cloud startup Lambda raises $480 million in new round; Nvidia among investors


Lambda, a cloud computing firm specializing in providing hardware and services to power artificial intelligence development, has raised $480 million in a Series D equity round from investors including Nvidia , the company told Reuters.

The round was co-led by Andra Capital and SGW, the family office of early Google investor Scott Hassan, bringing its total equity raised to $863 million.

The company did not disclose its valuation, but sources said this round gave the firm a post-money valuation of $2.5 billion. ARK Invest, G Squared, and servers…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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