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Nvidia-Backed Cloud Computing Firm Lambda Looks To Raise $4B In Final Round Ahead Of IPO: Report
Stocktwits ·
Stocktwits reports: Artificial intelligence cloud infrastructure provider Lambda is negotiating to raise up to $4 billion in a pre-initial public offering funding round, valuing the firm at $14.5 billion before the new capital, according to a report by The Wall Street Journal citing people familiar with the deal. Investment managers Blackstone and Coatue Management are spearheading the financing round, both of which have expanded their footprints across the AI and data center sectors.…