AI computing startup Lambda to raise $4B ahead of planned IPO

In Brief

Posted:

1:00 PM PDT · October 6, 2026

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Cloud provider 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, according to The Wall Street Journal. Coatue Management and Blackstone are leading the round.

A letter to investors reviewed by the Journal shows Lambda’s backlog grew from $15 billion in June to $50…