Report: Lambda seeks up to $4 billion before planned IPO
TechCrunch, citing The Wall Street Journal, reported that AI cloud provider Lambda is seeking up to $4 billion in funding ahead of a planned 2027 IPO.
The report said the proposed round values Lambda at $14.5 billion before new investment and is being led by Coatue Management and Blackstone. Lambda, Coatue and Blackstone did not immediately respond to TechCrunch's requests for comment.