ipo

AI computing startup Lambda to raise $4B ahead of planned IPO

GPU-focused cloud provider Lambda is seeking up to $4 billion in private capital at a $14.5 billion pre-money valuation as it prepares for a planned 2027 initial public offering, according to The Wall Street Journal. The financing round is led by Coatue Management and Blackstone and follows a surge in Lambda’s reported backlog driven largely by a single large customer commitment.