AI computing startup Lambda to raise up to $4B at $14.5B pre-money ahead of planned 2027 IPO
Cloud provider Lambda is raising up to $4 billion at a $14.5 billion pre-money valuation in what may be its last private round before a planned 2027 IPO, with Coatue Management and Blackstone leading the deal. The company's reported backlog jumped from $15 billion in June to $50 billion in September—largely due to a $35 billion commitment from Anthropic—highlighting both strong demand for GPU capacity and concentration risk tied to a single large customer.