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Nvidia-backed neocloud Lambda in talks to raise $3B at $12B+ valuation

This story is from 2026-08-25. It is preserved in the archive; the latest stories are on the live feed.

Lambda, an AI cloud-computing provider backed by Nvidia, is in talks to raise up to $3 billion at a valuation exceeding $12 billion. Its revenue this year is estimated to reach over $1.5 billion.

Read the full story at Techmeme ↗

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  1. 2026-08-25 02:45 · Techmeme
    Sources: neocloud Lambda is in talks to raise up to $3B at a $12B+ valuation, and its 2026 revenue is expected to reach $1.5B+; Lambda raised $1.5B+ in 2025 (Bloomberg)

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