Startup Trends: Companies to achieve notable funding rounds in Q1 2024
Five companies – Lambda, Alumis, Freenome, Applied Intuition, and Glean – celebrated notable funding hauls in the past quarter.
lambdalabs.comEnterprise Software / Data IntelligenceFounded: 2012Funding to Date: $1.52B
Lambda is a cloud computing company which offers GPU infrastructure for training and deploying AI models to developers and researchers. Lambda’s platform provides access to high-performance GPU clusters, including their 1-Click Clusters™, designed for AI workloads like machine learning and deep learning. The company aims to help organizations efficiently build, train, and fine-tune large AI models, offering flexible and scalable solutions for academic, enterprise, and research use. This company was founded by Stephen Balaban, Michael Balaban, and Robert Brooks in 2012 and is headquartered in San Francisco, CA.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
02/15/2024 | Series C | $320MM | $xx.xx | $1.5B | 1517 Fund, B Capital, Bloomberg Beta, Crescent Cove, Gradient Ventures, Inc, Mercato Partners, Sk Telecom, T. Rowe Price Associates | |
Price per Share
$xx.xx
Shares Outstanding
20,906,013
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
1517 Fund, B Capital, Bloomberg Beta, Crescent Cove, Gradient Ventures, Inc, Mercato Partners, Sk Telecom, T. Rowe Price Associates
|
||||||
03/21/2023 | Series B | $44.41MM | $xx.xx | $205.08MM | 1517, Adam D'Angelo, Bloomberg Beta, Crescent Cove, Garry Tan, Georges Harik, Gradient Ventures, Greg Brockman, Jeff Hammerbacher, Lukas Biewald, Mercato Partners | |
Price per Share
$xx.xx
Shares Outstanding
18,250,392
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
1517, Adam D'Angelo, Bloomberg Beta, Crescent Cove, Garry Tan, Georges Harik, Gradient Ventures, Greg Brockman, Jeff Hammerbacher, Lukas Biewald, Mercato Partners
|
||||||
07/14/2021 | Series A | $15MM | $xx.xx | $87.51MM | Bloomberg Beta, Georges Harik, Gradient Ventures, Razer | |
Price per Share
$xx.xx
Shares Outstanding
10,236,103
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bloomberg Beta, Georges Harik, Gradient Ventures, Razer
|
||||||
04/28/2019 | Series Seed | $3.96MM | $xx.xx | $23.23MM | 1517 Fund, Bloomberg Beta, Gradient Ventures | |
Price per Share
$xx.xx
Shares Outstanding
9,317,840
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
1517 Fund, Bloomberg Beta, Gradient Ventures
|
||||||
12/20/2017 | Series Seed-1 | $149,999.95 | $xx.xx | $4.54MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
1,193,317
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
12/20/2017 | Series Seed-2 | $369,999.29 | $xx.xx | $4.54MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
2,208,951
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
12/20/2017 | Series Seed-3 | $194,999.56 | $xx.xx | $4.54MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
931,230
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
Five companies – Lambda, Alumis, Freenome, Applied Intuition, and Glean – celebrated notable funding hauls in the past quarter.