Nvidia-backed Lambda is in talks for up to $3bn in pre-IPO financing at a valuation of $12bn or more, ahead of a listing next year.

Lambda is negotiating to raise up to $3 billion and targeting an IPO in H2 2026, following a $1.5B Series E that valued the AI cloud firm at $5.9

Nvidia-backed Lambda is in talks for up to $3bn in pre-IPO financing at a valuation of $12bn or more, ahead of a listing next year.