New capital positions Lambda as the leading platform for large-scale AI cloud infrastructure, AI inferencing, and open source AI chat

Lambda, the AI Developer Cloud, today announced it has raised a $480 millionSeries D, bringing the total equity capital raised to date to $863 million. The round was co-led by Andra Capital and SGW with participation from new investors Andrej Karpathy, ARK Invest, Fincadia Advisors, G Squared, In-Q-Tel (IQT), KHK & Partners, and NVIDIA, among others, as well as strategic investment from Pegatron, Supermicro, Wistron, and Wiwynn, as well as many existing investors including 1517, Crescent Cove, and USIT.