Get the latest tech news

Cloud provider Lambda may be gearing up for an IPO


Lambda, which allows companies to rent GPUs, is reportedly following its rival CoreWeave to the public market.

Lambda, an AI infrastructure company offering on-demand GPUs, has hired bankers for an upcoming IPO, according to reporting from The Information. The company has raised more than $1.7 billion in funding, according to Crunchbase data, from investors including Nvidia, Alumni Ventures, and Andra Capital, among others. StrictlyVC Provides movers and shakers with the info they need to start their day.

Get the Android app

Or read this on TechCrunch

Read more on:

Photo of IPO

IPO

Photo of lambda

lambda

Related news:

News photo

Figma Shares Tumble on Weak Sales Growth Outlook After IPO

News photo

Figma shares sink 14% after first earning since IPO

News photo

Klarna aims to raise up to $1.27 billion in U.S. IPO