Now it’s backing Lambda, which operates a number of U.S. AI data centers. Lambda is a CoreWeave competitor, although it also sells its “AI factories” to hyperscaler clouds. Earlier this month, Lambda announced amultibillion-dollar dealto supply Microsoft with AI infrastructure using tens of thousands of Nvidia GPUs. (Nvidia is aninvestor in Lambda as well.)
Remember that Microsoft had a similar deal with CoreWeave and had bought about$1 billion worth of servicesfrom the company in 2024, its largest customer last year by a mile. Then OpenAI swooped in and signed a$12 billion deal with CoreWeave in March.
Meanwhile, deal watchers have been talking for months about Lambda looking to raise hundreds of millions of dollarsat a valuation north of $4 billion. There was also talk ofan IPO. Prior to this, Lambda raised a $480 million Series D in February, with an estimated valuation of $2.5 billion, according to PitchBook.
Lambda’s $1.5 billion raise far outstrips those earlier whispers of what it was seeking. Whether its valuation also soared, we can’t confirm and Lambda declined to comment on that.
Source: Techcrunch
