Lambda, a GPU cloud company established by AI engineers and powered by NVIDIA GPUs, has announced the completion of a $320 million Series C funding round.
Founded in 2012, Lambda brings over a decade of experience in building AI infrastructure at scale. With over 100,000 customer sign-ups on Lambda Cloud, the company has established itself as an early provider of NVIDIA H100 Tensor Core GPUs, attracting AI developers seeking rapid access to the latest architectures for various AI tasks, including training, fine-tuning, and inferencing of generative AI, large language models, and foundation models.
Lambda said it will focus the new investment on cloud infrastructure tailored specifically for AI workloads.
The investment was led by Thomas Tull’s US Innovative Technology, with contributions from new investors B Capital, SK Telecom, funds and accounts advised by T. Rowe Price Associates, Inc., as well as existing investors Crescent Cove, Mercato Partners, 1517 Fund, Bloomberg Beta, and Gradient Ventures, among others. The company intends to utilize this new funding to expand its AI cloud business, which includes both Lambda’s popular on-demand and reserved cloud offerings.
