Lambda Raising Up to $4B at $14.5B Valuation Ahead of 2027 IPO
Coatue Management and Blackstone are leading the round for the Nvidia-backed neocloud, which plans to go public in 2027.
Lambda is raising up to $4 billion at a $14.5 billion pre-money valuation ahead of a planned 2027 IPO, according to The Wall Street Journal. Coatue Management and Blackstone are leading the funding round.
The Nvidia-backed neocloud provider has seen its backlog grow from $15 billion in June to $50 billion in September. Anthropic committed $35 billion to Lambda as part of a deal signed in late August.
Lambda raised an additional $1 billion in debt last week, adding to its capital base as it scales AI cloud infrastructure. The company competes in a crowded field of Nvidia-backed neoclouds that includes CoreWeave and Nebius.
In October 2025, Lambda completed a funding round that pushed its valuation up significantly. Nscale filed for an IPO last month, highlighting continued investor interest in AI infrastructure providers.
Quick answers
How much is Lambda raising and at what valuation?
Lambda is raising up to $4 billion at a $14.5 billion pre-money valuation.
When does Lambda plan to go public?
Lambda is planning an IPO in 2027.
Who is leading Lambda's funding round?
Coatue Management and Blackstone are leading the round.