article thumbnail

AI Compute Startup Lambda Hits $1.5B Valuation After Massive $320M Raise

Crunchbase News

Lambda hit unicorn status after a $320 million Series C at a $1.5 The company offers cloud computing services and hardware for training artificial intelligence software. Lambda’s round also is one of at least 10 rounds this week that have hit or topped nine figures. billion valuation. million raise last November.

Lambda 84
article thumbnail

The Week’s 10 Biggest Funding Rounds: Lambda Leads Massive Week For Megadeals

Crunchbase News

Lambda , $320M, artificial intelligence: In a big week, this was the biggest round. Lambda hit unicorn status after a $320 million Series C at a $1.5 The company offers cloud computing services and hardware for training artificial intelligence software. billion valuation.

Lambda 91
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Need GPUs? Take a look at microclouds

InfoWorld

As most IT people know, GPUs are in high demand and are critical for running and training generative AI models. Businesses such as CoreWeave, Lambda Labs, Voltage Park, and Together AI are at the forefront of this movement. The alternative cloud sector, also known as microclouds, is experiencing a significant surge.

article thumbnail

Weka Becomes A Unicorn With Big $140M Series E

Crunchbase News

In February, Lambda hit unicorn status after a $320 million Series C at a $1.5 The company offers cloud computing services and hardware for training artificial intelligence software. Related Crunchbase Pro list Rounds Raised By Startups Using AI Related reading: AI Compute Startup Lambda Hits $1.5B billion valuation.

Lambda 100
article thumbnail

Perplexity Poised To Become Latest AI Startup To Hit Unicorn Status — Report

Crunchbase News

Just last month, San Jose, California-based AI cloud computing startup Lambda raised a $320 million Series C at a $1.5 The company offers cloud computing services and hardware for training artificial intelligence software. Related reading: AI Compute Startup Lambda Hits $1.5B Time will tell if this ends any differently.

Report 118
article thumbnail

Eye On AI: So Much For That Funding Slowdown

Crunchbase News

Aside from the Moonshot AI raise — the first $1 billion AI round of the year — other large rounds in the last week-plus include: San Jose, California-based Lambda raised a $320 million Series C at a $1.5 The company offers cloud computing services and hardware for training artificial intelligence software.

article thumbnail

Eye On AI: Microsoft Remains Infatuated With AI Startups, And It’s Not Just Inflection And OpenAI

Crunchbase News

That came just about six weeks after it led Lambda ’s $320 million Series C at a $1.5 The company offers cloud computing services and hardware for training artificial intelligence software. billion valuation. That’s big cash from the 2-year-old fund. Just a few weeks ago, we talked about how U.S.