Lambda Raises $44M to Build the World’s Best Cloud for Training AI

Today, Lambda announced the raise of $44 million in Series B funding to accelerate the growth of its AI cloud. The round was led by Mercato Partners and also saw participation from prominent investors such as Adam D'Angelo and Jeff Hammerbacher. With this funding, Lambda plans to deploy new H100 GPU capacity with high-speed network interconnects, develop and launch features that will make it the best cloud in the world for training AI, and continue to optimize its cloud for cost-effective AI compute. Building on its existing success, Lambda aims to build a cloud where training AI models is as easy as doing so on a laptop, regardless of the number of GPUs used.

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