Lambda

The Wall Street Journal reported on 6 October 2026 that Nvidia-backed AI cloud company Lambda is raising up to $4 billion at a pre-money valuation of $14.5 billion, in what would be its final private round before a planned 2027 IPO. Reuters carried the report the same day. The raise resets Lambda's valuation mark and puts a date on an IPO, both directly relevant to secondary pricing of its shares.

Source: The Wall Street Journal

Lambda announced on Sunday, September 27, 2026 plans to build a new AI data center at MidAmerica Industrial Park near Chouteau in Mayes County, Oklahoma, expected to generate an estimated $500 million in local taxes over 10 years, up to 1,000 construction jobs and up to 100 permanent roles. Lambda is paying full market value for the land with no project incentives from MidAmerica, and will pay 100% of the facility's energy costs under Oklahoma's ratepayer-protection law. The site adds owned capacity to Lambda's GPU cloud buildout; no investment total or megawatt figure was disclosed.

Source: Tulsa World

Anthropic has agreed to a roughly $35 billion cloud computing contract with Nvidia-backed AI cloud provider Lambda, a landmark deal for the neocloud ahead of its expected IPO.

Source: Reuters

AI cloud provider Lambda is reportedly in talks to raise up to $3 billion in a pre-IPO round, potentially valuing the neocloud at around $12 billion. The raise follows its earlier $917 million chip-financing deal.

Source: Yahoo Finance