Lambda raises $24.5M to build GPU cloud and deep learning hardware

Lambda has secured $24.5M in financing to expand its GPU cloud and on-prem AI infrastructure software products, aiming to simplify deep learning infrastructure management for researchers and companies. The funding round consists of a $15M Series A equity round and a $9.5M debt facility, with investments from prominent firms such as 1517, Gradient Ventures, Bloomberg Beta, and Razer. Lambda plans to use the funds to grow its cloud engineering team, build deep learning infrastructure software, and expand its on-prem hardware business. The company is backed by a strong Board of Directors and has a shared strategic vision with Razer, which will drive future developments in deep learning systems for engineers.

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