Lambda has raised more than $1.5B in Series E funding, which the cloud company plans to invest in expanding access to artificial intelligence.
“This round of funding helps enable Lambda to develop gigawatt-scale AI factories that power services used by hundreds of millions of people every day,” said Lambda CEO and co-founder Stephen Balaban. “Our mission is to make compute as ubiquitous as electricity and bring the power of AI to every person in America. One person, one GPU.”
The Series E funding was led by TWG Global, a holding company led by Thomas Tull and Mark Walter. Several existing investors in Lambda also participated.
Lambda, which refers to itself as a superintelligence cloud company, develops AI cloud infrastructure. Nvidia (NVDA) is not only a backer and supplier of Lambda, but it is also a client.
Lambda is reportedly preparing to launch an initial public offering at some point in 2026.
“Generating enough compute power for AI is a defining infrastructure challenge of our time,” said Thomas Tull, co-chairman of TWG Global. “We believe that Lambda is well-positioned to solve this challenge and continue to deliver in the decades ahead.”