Lambda AI joined the Unicorn Club on February 15, 2024, after raising a $320M Series C funding round led by Usitfund. Founded in 2012, the company provides on-demand GPU cloud computing for AI training and inference, offering high-performance computing resources for AI workloads. Headquartered in San Jose, California, United States, Lambda AI has raised a total of $937M and is valued at $1.5B as of February 16, 2024.
Keep reading to explore Lambda AI’s funding history, key investors, and what’s next for this AI infrastructure innovator.
What Is Lambda AI and What Does It Do?
Lambda AI is a San Jose, California, United States-based platform that provides cloud-based GPU instances and clusters for AI model training and inference. The platform offers on-demand access to various NVIDIA GPUs, private cloud options for large-scale deployments, inference APIs for model deployment, support for popular AI frameworks, and customizable server and workstation options.
Lambda AI enables users to efficiently scale AI workloads, manage compute resources, and accelerate the development and deployment of AI models across industries.
How Much Funding Has Lambda AI Raised?
- Series C
- Amount Raised: $320M
- Date: February 15, 2024
- Lead Investors: Usitfund
- Motivation: To expand cloud GPU infrastructure, scale AI services, and support enterprise adoption.
- Conventional Debt
- Amount Raised: $275M
- Date: August 19, 2025
- Motivation: To enhance computing capacity and support global AI workloads.
Total Funding Raised: $937M
Current Valuation: $1.5B (as of February 16, 2024)
Latest Funding Date: August 19, 2025
Key Investors
- G Squared
- Details: Venture firm investing in high-growth technology companies.
- Investment Focus Areas: AI infrastructure, cloud computing, scalable tech platforms.
- ARK Investment Management
- Details: Investment firm focused on disruptive innovation and technology.
- Investment Focus Areas: AI, cloud infrastructure, high-performance computing.
- Usitfund
- Details: Lead investor in Lambda AI’s Series C round.
- Investment Focus Areas: AI infrastructure, enterprise AI, scalable computing solutions.
Where Is Lambda AI’s Headquarters?
Lambda AI is headquartered in San Jose, California, United States, a hub for AI innovation, cloud computing, and enterprise technology, providing access to top engineering talent and technology investors.
What’s Next for Lambda AI?
The company plans to expand its GPU cloud infrastructure, enhance AI training and inference capabilities, and support enterprise-scale AI workloads globally. With backing from G Squared, ARK Investment Management, and Usitfund, Lambda AI is positioned to lead in AI infrastructure and accelerate AI model development across industries.
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