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AI Powerhouse Lambda Secures $1.5B Funding
19 Nov
Summary
- Lambda secured $1.5 billion in funding led by TWG Global.
- TWG Global is an investment firm founded by billionaires Thomas Tull and Mark Walter.
- Lambda recently announced a multi-billion dollar deal with Microsoft for AI infrastructure.
AI data center provider Lambda announced it secured $1.5 billion in a major funding round led by TWG Global. This investment from the firm, founded by billionaires Thomas Tull and Mark Walter, signals strong confidence in Lambda's expansion.
Lambda operates AI data centers across the U.S. and competes with firms like CoreWeave, while also serving hyperscaler clouds. Recently, the company struck a multi-billion dollar deal to supply Microsoft with AI infrastructure powered by numerous Nvidia GPUs.
This significant funding follows Lambda's February Series D round, which raised $480 million at a $2.5 billion valuation. The latest capital injection vastly exceeds earlier whispers of hundreds of millions sought at a $4 billion valuation.
