Lambda, the AI Developer Cloud, has raised a $480 million Series D funding round, bringing its total equity capital raised to $863 million.
The round was co-led by Andra Capital and SGW, with participation from new investors Andrej Karpathy, ARK Invest, Fincadia Advisors, G Squared, In-Q-Tel (IQT), KHK & Partners, and NVIDIA. Strategic investment also came from Pegatron, Supermicro, Wistron, and Wiwynn, alongside continued support from existing investors 1517, Crescent Cove, and USIT.
Lambda, co-founded by CEO Stephen Balaban, focuses on building AI infrastructure and software tools that empower developers. Balaban emphasized that AI is reshaping the economy, and Lambda is investing billions to develop a platform that democratizes AI accessibility. The latest investment will accelerate the expansion of the Lambda Cloud platform, Lambda Model Inference API, and Lambda Chat AI Assistant, reinforcing the company’s position as a leader in AI-driven cloud services.
Lambda provides critical infrastructure, cloud services, and software solutions for fine-tuning, training, and inferencing AI models. Since its last funding announcement in April, the company has rapidly expanded, achieving SOC 2 Type II compliance with enhanced security in its public cloud.
It has also launched 1-Click Clusters, the first self-serve and on-demand GPU clusters for AI model training. Additionally, Lambda’s Inference API and Chat AI Assistant provide developers with hosted access to open-source models like DeepSeek R1, improving accessibility and efficiency in AI development.
Paul Tuan, Managing Partner at Andra Capital, highlighted Lambda’s expertise in AI hardware and software, emphasizing the company’s role in providing the critical infrastructure needed for AI’s next wave of innovation. JPMorgan served as the private placement agent in the financing.
InfotechLead.com News Desk
