Lambda Announces $500M GPU-Backed Facility to Expand Cloud for AI

SAN JOSE, Calif.--(BUSINESS WIRE)--Lambda, the GPU cloud company founded by AI engineers and powered by NVIDIA GPUs, today announced that it has secured a special purpose GPU financing vehicle of up to $500 million to fund the expansion of its on-demand cloud offering. The financing was led by Macquarie Group (“Macquarie”) with participation from Industrial Development Funding (“IDF”), and follows Lambda’s $320 million Series C funding round in February 2024. “This first-of-its-kind financing v