AI chip rental startup Lambda raises over $1.5 billion
Investing.com -- AI chip rental startup Lambda secured more than $1.5 billion in a Series E funding round, the company announced Tuesday.
The funding round was led by TWG Global, a holding company under the leadership of Thomas Tull and Mark Walter. Additional participants included Tull’s US Innovative Technology Fund and other investors.
Founded in 2012, Lambda provides rental access to advanced artificial intelligence chips. The company previously raised $500 million in 2024 in a deal that was backed by Nvidia’s chips. Nvidia has also made direct investments in Lambda.
Lambda recently secured its largest contract to date - a "multibillion" dollar agreement with Microsoft to deploy tens of thousands of Nvidia GPUs for the tech giant.
With this latest funding round, Lambda has now raised a total of $2.3 billion since its founding. The company currently employs over 400 people and plans to expand its workforce by hiring additional engineers, supply chain specialists, and operators who specialize in deploying GPU-based cloud AI infrastructure.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
