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Nvidia-Backed Lambda Targets $4 Billion Raise Ahead of Planned IPO, WSJ Reports

Blackstone and Coatue Management are leading the round as Lambda’s backlog rises to $50 billion, driven by a $35 billion Anthropic commitment.

Oct 6 : Nvidia-backed cloud-computing company Lambda is raising up to $4 billion at a pre-money valuation of $14.5 billion in what would be its final funding round before a planned initial public offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Here are more detai

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BizToc broke the news on Tuesday, October 6, 2026.
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