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Nvidia-backed neocloud Lambda is raising $4B in final round before IPO - WSJ
Seeking Alpha ·
Seeking Alpha reports: Nvidia-backed cloud computing firm Lambda is raising as much as $4 billion in the final round of fundraising before the company's planned initial public offering. The funding will give the company a valuation of $14.5 billion, excluding the amount of money raised, according to a WSJ report on Tuesday, which cited people familiar with the matter. The pre-IPO fundraising round is led by Blackstone and Coatue Management. Lambda is targeting an IPO in 2027, according to a…