Lambda Hits $1.5 Billion Valuation for AI Computing
The startup raised $320 million in a new funding round.
Lambda, a startup that sells cloud computing services and computers for training artificial intelligence software, has raised $320 million in a new funding round that valued the company at $1.5 billion.
The financing, set to be announced Thursday, was led by billionaire Thomas Tull’s US Innovative Technology and includes new investors such as B Capital, SK Telecom, and Super Micro Computer Inc., as well as existing investors including Crescent Cove and Bloomberg Beta, the venture-capital arm of Bloomberg LP.