Lambda raises $4B at $14.5B valuation ahead of 2027 IPO

ai computing startup lambda is raising up to $4 billion at a $14.5 billion pre-money valuation, marking what could be its last private round before a planned 2027 ipo. the funding round is led by coatue management and blackstone. lambda's backlog grew significantly from $15 billion in june to $50 billion in september, largely driven by a $35 billion commitment from anthropic, which signed a deal with lambda in late august. this substantial commitment from anthropic is a key factor in lambda's valuation. lambda also raised an additional $1 billion in debt last week to fund its data center buildouts.