Lambda in Talks for Up to $3 Billion Pre-IPO Round

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1. 1Nvidia-backed AI cloud company Lambda in discussions to raise up to $3 billion
2. 2Valuation seen at over $12 billion with 2024 revenue expected to exceed $1.5 billion; company has received multiple term sheets
3. 3Deal could set the stage for an IPO next year; negotiations underway with terms yet to be finalized

Source Bloomberg · View original ↗

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