Lambda raises $480 million Series D to expand its AI cloud
Andra Capital and SGW co-led the financing announced on 19 February 2025.
Lambda announced a $480 million Series D on 19 February 2025, co-led by Andra Capital and SGW.
Participants included Andrej Karpathy, ARK Invest, Fincadia Advisors, G Squared, In-Q-Tel, KHK & Partners and NVIDIA. Pegatron, Supermicro, Wistron and Wiwynn made strategic investments, while existing backers including 1517 Fund, Crescent Cove and USIT also participated.
The capital was intended to expand GPU infrastructure and software across Lambda’s cloud platform, which supports AI model training, fine-tuning and deployment. Lambda also planned to build more developer tools and continue developing its Lambda Chat service for open models.
Use of funds
Expand GPU cloud infrastructure
Build AI developer software
Develop Lambda Chat