MacroSfera
Home
Economics
Market Insights
Geopolitics
UK
Contact
Join Us
About
Home
Economics
Market Insights
Geopolitics
Uk
Contact
Join Us
About
Lambda Labs Seeks Funding
✦
Koushik Korampalli
June 30, 2024
Written by
Koushik Korampalli
Est read: 0 minutes
Nvidia’s partner Lambda Labs is looking to raise $800mn
This would make Lambda Labs one of the best funded start-ups in Silicon Valley
They are attempting to capitalise on the current AI hysteria
Lambda originated as a facial recognition software company
They now are a company who build GPU clouds, clusters, servers and workstations
“Lambda provides computation to accelerate human progress”
With this, Lambda Labs will have raised $1.62bn in just 2024
In February they raised $320mn
They used this to purchase 10,000s of Nvidia GPUs to power their cloud
In April they secured a loan of $500mn
They used their Nvidia chips as collateral to fund the expansion of its cloud services
Lambda has not officially announced the reason for this recent funding however most speculate a mix of more GPU purchases and more staff recruitment.
Similar Articles
The London Stock Exchange Exodus
The Impact of Private Equity in Sports
Johnson & Johnson's $13.1 billion bet
Tiktok's Ban
The Industry for a Second Life
Stormy Forecasts for European Banks
This site uses cookies to enhance user experience. See
Privacy policy
for more information
Cancel
Allow Cookies