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Lambda Labs closes $320m Series C funding round

PRIVATEFeb 15, 2024

Amount Raised

$320 Million

Round Type

Series C

San FranciscoArtificial IntelligenceMachine LearningCloud InfrastructureSoftware Development

Investors

Gradient VenturesBloomberg Beta1517 FundMercato PartnersCrescent CoveSK TelecomB CapitalThomas Tull’s US Innovative Technology Fund

Description

Lambda Labs closes $320m Series C funding round led by Thomas Tull’s US Innovative Technology fund, with participation from B Capital, SK Telecom, Crescent Cove, Mercato Partners, 1517 Fund, Bloomberg Beta, and Gradient Ventures. The funding has resulted in the company's valuation at $1.5 billion.

Who else raised in Cloud Infrastructure and Software Development around the same time

Companies in the same sectors as Lambda that raised within 45 days of this round, from Fundz verified event records.

  • Navi AI raised $6M (Seed) on March 29, 2024.
  • Magic raised $321M on March 29, 2024.
  • MineOS raised $43M (Funding Round) on March 28, 2024.
  • SydeLabs raised $2.5M (Seed) on March 28, 2024.
  • StealthMole raised $7M (Series A) on March 28, 2024.
  • Ensis raised $4M (Seed) on March 28, 2024.

Who to call at Lambda, and when

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Company Information

Company

Lambda

Location

San Francisco, California, United States

About

Lambda is a San Francisco-based provider of an AI cloud infrastructure platform. The company builds supercomputers for AI training and inference, catering to AI researchers, enterprises, and hyperscalers. Their platform offers dedicated compute services and GPU asset-backed financing structures. Lambda's mission is to make compute as ubiquitous as electricity.

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Fundz sees it the moment Lambda raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

2 contacts
Verified contactsJoanie L., Human Resources Director hidden hiddenSee plans and pricing
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Lambda raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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