AI cloud Lambda is reportedly looking to raise up to $3 billion ahead of plans for an Initial Public Offering (IPO).
According to Bloomberg, citing people familiar with the matter, the company is seeking the funding ahead of a possible public offering next year.
– Sebastian Moss
The funding round could value Lambda at $12 billion or more, but talks remain ongoing and could be subject to change.
The sources told Bloomberg that Lambda has already received multiple term sheets for the round, and the company is anticipating revenue of more than $1.5bn this year.
