Lambda Raises $1.5B to Build Superintelligence Cloud and AI Infrastructure

Lambda, the Superintelligence Cloud, announced it has raised over $1.5 Billion in Series E funding, enabling the company to develop gigawatt-scale AI centers.

The funding round was led by TWG Global, a holding company led by Thomas Tull and Mark Walter. Also participating in the round are Thomas Tull’s US Innovative Technology Fund (USIT) and several existing investors.

Lambda delivers large-scale AI factories that power mission-critical training and inference, just as demand for compute is rising and data center space is scarce.

“This round of funding helps enable Lambda to develop gigawatt-scale AI factories that power services used by hundreds of millions of people every day,” said Stephen Balaban, co-founder and CEO of Lambda. “Our mission is to make compute as ubiquitous as electricity and bring the power of AI to every person in America. One person, one GPU. It’s a privilege to work with Thomas, USIT, and TWG Global to realize this vision.”

The company’s AI specialization stems from its published machine learning founders, as well as its pioneering work in cloud supercomputers.

“Since meeting Stephen and the Lambda team several years ago, we have been consistently impressed by their visionary focus and ability to deliver infrastructure at unprecedented scale,” said Thomas Tull, co-chairman of TWG Global and chairman of USIT. “Generating enough compute power for AI is a defining infrastructure challenge of our time. We believe that Lambda is well-positioned to solve this challenge and continue to deliver in the decades ahead.”

For more information about this news, visit https://lambda.ai.