Nvidia-backed Lambda targets $4 billion raise ahead of planned IPO, WSJ reports
An NVIDIA logo appears in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
Oct 6 : Nvidia-backed cloud-computing company Lambda is raising up to $4 billion at a pre-money valuation of $14.5 billion in what would be its final funding round before a planned initial public offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Here are more details:
• Investment firms Blackstone and Coatue Management are leading the round, the report said.
• Lambda is aiming to go public in 2027, depending on execution and market conditions, according to a letter to the company’s limited partners reviewed by the Journal.
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
• The company’s backlog of unfilled orders grew to $50 billion in September from $15 billion in June, according to the letter.
• Lambda did not immediately respond to a Reuters request for comment.
Source: Reuters
Sign up for our newsletters
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
