Lambda Seeks Up to $4 Billion in Potential Final Private Round
The financing targets a $14.5 billion pre-money valuation. Lambda is preparing for a potential 2027 IPO, though its timing could change.
Lambda is seeking up to $4 billion in a financing that could be its last private round before a potential 2027 IPO. If completed, the round would give the company capital ahead of a possible public listing.
Coatue Management and Blackstone are leading the financing. The IPO timing remains uncertain.
Lambda’s backlog grew from $15 billion in June to $50 billion in September. A $35 billion commitment from Anthropic, tied to a deal signed in late August, appears to account for much of the increase.
The company also raised an additional $1 billion in debt last week.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.