Cloud Provider Lambda Reportedly Prepares for IPO
▼ Summary
– Lambda, an AI infrastructure company, is reportedly preparing for an IPO and has hired Morgan Stanley, J.P. Morgan, and Citi for this purpose.
– The IPO could occur as early as the first half of 2026, according to reporting from The Information.
– Lambda has raised over $1.7 billion in funding from investors including Nvidia, Alumni Ventures, and Andra Capital.
– Its most recent funding was a $480 million Series D round raised in February.
– CoreWeave, Lambda’s biggest rival, went public in March of this year.
The cloud computing sector is witnessing a significant shift as Lambda, a major provider of AI infrastructure and on-demand GPU services, reportedly prepares for an initial public offering. According to sources familiar with the matter, the company has engaged the services of prominent financial institutions including Morgan Stanley, J.P. Morgan, and Citi to guide its transition to the public markets. This move signals Lambda’s ambition to expand its market presence and capitalize on the growing demand for high-performance computing resources.
Industry observers note that a potential IPO could occur as early as the first half of 2026, positioning Lambda to follow in the footsteps of its primary competitor, CoreWeave, which went public earlier this year. The timing suggests a strategic effort to leverage investor enthusiasm for AI-driven infrastructure companies, particularly those offering scalable GPU solutions.
Lambda has not publicly commented on these developments, leaving many details of the offering still speculative. However, the company’s substantial financial backing provides strong indicators of its readiness for such a step. To date, Lambda has secured over $1.7 billion in funding from a roster of influential investors, with notable participation from industry giant Nvidia, as well as Alumni Ventures and Andra Capital.
The most recent injection of capital came in February, when the company closed a $480 million Series D round, further solidifying its financial foundation and operational capacity. This level of investment underscores confidence in Lambda’s business model and its ability to compete in a rapidly evolving marketplace.
As the race for dominance in cloud-based AI infrastructure intensifies, Lambda’s potential public debut represents a pivotal moment for the industry. If successful, the IPO could provide the company with the resources needed to accelerate innovation, expand its service offerings, and challenge established players more aggressively.
(Source: TechCrunch)
