Global Infrastructure SherpaNVIDIA Invests in Lambda's $300 Million Series C Funding Round for AI Infrastructure
USD320M
Deal Value
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Stage
null
Project
Lambda, an AI infrastructure provider, raised $300 million in a Series C funding round with participation from NVIDIA's NVentures. The funding will be used to expand Lambda's AI cloud and hardware offerings.
Source Intelligence
KEY DETAILS
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Deal Size
Lambda has raised $320 million in Series C funding.
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Location
Lambda, a San Jose, CA-based GPU cloud company
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Announcement
Funding Month: February 2024
PARTIES MENTIONED IN SOURCE
L
Lambda
Company
"Lambda, a San Jose, CA-based GPU cloud company powered by NVIDIA GPUs, has raised $320 million in Series C funding."
U
US Innovative Technology
Lead Investors
"The round was led by Thomas Tull’s US Innovative Technology"
B
B Capital
Additional Investors
"with participation from new investors B Capital"
S
SK Telecom
Additional Investors
"SK Telecom"
T
T. Rowe Price Associates, Inc.
Additional Investors
"T. Rowe Price Associates, Inc."
C
Crescent Cove
Additional Investors
"Crescent Cove"
M
Mercato Partners
Additional Investors
"Mercato Partners"
1
1517 Fund
Additional Investors
"1517 Fund"
B
Bloomberg Beta
Additional Investors
"Bloomberg Beta"
G
Gradient Ventures
Additional Investors
"Gradient Ventures"
high quality
Enriched Feb 19, 2026
Timeline
Announced
Feb 29, 2024
Signed
Closed
Counterparts (5)
Investor
1517 Fund
1517 Fund is a venture capital firm that invests in early-stage startups, often focusing on companie...
NVIDIA
NVIDIA is a technology company specializing in accelerated computing, particularly in AI and digital...
Brookfield
Brookfield is a leading global investment firm focused on building long-term wealth for institutions...
NVentures (NVIDIA’s venture capital arm)
NVentures, NVIDIA's venture capital arm, has participated in one verified deal: a $425 million Serie...
Market Context
This deal is part of the Data Centers sector in United States.
30
Data Centers deals
565
deals in United States
Source
www.thesaasnews.com
1 of 30 Data Centers deals tracked this month · Updated daily