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Off-topic for aiqbench

Off-topic for aiqbench

This story was gathered from a source we follow but falls outside AI and quantum coverage, so there is no aiqbench take for it.

AI Compute Startup Lambda Plans to Raise $4 Billion in Final Round Before IPO

36Kr1 min read

Sources say Nvidia-backed cloud computing company Lambda is raising up to $4 billion in its final round of funding ahead of a planned initial public offering (IPO). The new round values Lambda at $14.5 billion, excluding the funds being raised. The pre-IPO financing was led by investment firms Blackstone and Coatue Management.

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