Recently, Lambda, a cloud computing service provider based in Santa Clara, California, announced that it has successfully completed a Series E funding round exceeding $1.5 billion. This funding will be primarily used to develop large-scale AI factories to meet the growing demand for computing power. The company, which provides GPU-as-a-service, is competing with peers such as CoreWeave, Crusoe, and Nebius, and continues to gain market share in the cloud market.

This financing is Lambda's second round in 2025. Earlier in February, Lambda completed a $480 million Series D funding round, valuing the company at $2.5 billion. However, this round did not disclose valuation information. Meanwhile, a major deal between Lambda and Microsoft was also reached in early November, with Microsoft purchasing thousands of Nvidia GPUs from Lambda, further expanding their collaboration.

This round of financing was led by TWG Global, a company founded by billionaire Thomas Tull, the founder of the renowned film production company Legendary Entertainment. Additionally, the US Innovation Technology Fund (USIT) and several existing investors also participated in this funding.

Stephen Balaban, co-founder and CEO of Lambda, stated that this funding will help Lambda develop gigabit-scale AI factories capable of serving hundreds of millions of users. He said that Lambda's mission is to make computing power as accessible as electricity, allowing everyone to enjoy the convenience brought by AI.

Since its establishment in 2012, Lambda has served tens of thousands of customers, including AI researchers, enterprises, and supercomputing centers. According to information on its official website, Lambda has data centers in 14 locations across North America, ranging from Montreal in the north to Celaya in the south, and from Mountain View in the west to Sterling in the east, covering a wide area.

Regarding TWG's involvement, Tull stated in a statement that generating AI computing power is one of the infrastructure challenges today. He believes that Lambda has the capability to solve this challenge and will continue to provide services for decades to come.

Gaetano Crupi, Managing Director of USIT, also praised Lambda as an "important participant in advancing the industrialization of industry reasoning" and said that it will help the United States "control the process of converting energy into cognition."

Currently, there are frequent speculations about whether Lambda will go public in 2026, but the company has not confirmed this yet.

Key Points:

🌟 Lambda successfully raised $1.5 billion to build large-scale AI factories.

🤝 The financing was led by billionaire Thomas Tull, and a significant partnership with Microsoft was also established.

🚀 Since its establishment in 2012, Lambda has served tens of thousands of customers, with data centers across multiple locations in North America.