Lambda Stock

lambdalabs.comEnterprise Software / Data IntelligenceFounded: 2012Funding to Date: $384.09MM

Lambda is a technology company that provides public cloud computing infrastructure, which includes AI machine learning processing power through GPU hardware and GPU hosting. The company’s proprietary offering is its AI compute platform which is designed for developers to manage throughout the development process, and they also offer workstations, servers, and other hardware. Lambda was co-founded in 2012 by Michael Balaban and Stephen Balaban, and is headquartered in San Francisco, CA.

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Management Team

Stephen Balaban
Co-Founder, Chief Executive Officer & President
Michael Balaban
Co-Founder, Chief JSON Officer & Head of Engineering
Mitesh Agrawal
Chief Operating Officer & Head of Cloud
Chuan Li Ph.D
Chief Scientific Officer
Paul Miltenberger
Vice President of Finance
Ariel Nissan
General Counsel

Board Members

Gaetano Crupi
US Innovative Technology Fund
Ryan Sanders
Mercato Partners
Zachary Bratun-Glennon JD
Gradient Ventures

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News Highlights

Lambda Lands $320 Million Series C

Lambda received $320 million in funding to continue expanding its AI and on-demand cloud offerings.

Lambda Raises $320M To Build A GPU Cloud For AI

In series C funding, Lambda raised $320 million for its GPU Cloud technology.

Lambda Raises $320M to Build a GPU Cloud for AI

Lambda, the GPU cloud company founded by AI engineers and powered by NVIDIA GPUs, today announced it has raised a $320 million Series C led by Thomas Tull’s US Innovative Technology with participation from new investors B Capital, SK Telecom, funds and accounts advised by T. Rowe Price Associates, Inc., and existing investors Crescent Cove, Mercato Partners, 1517 Fund, Bloomberg Beta, and Gradient Ventures, among others. The company will use this new equity financing to expand its AI cloud business, including Lambda’s popular on-demand and reserved cloud offerings.
Updated on: Jun 21, 2024


Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.