Lambda in Talks for Up to $3 Billion Pre-IPO Round
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- 1Nvidia-backed AI cloud company Lambda in discussions to raise up to $3 billion
- 2Valuation seen at over $12 billion with 2024 revenue expected to exceed $1.5 billion; company has received multiple term sheets
- 3Deal could set the stage for an IPO next year; negotiations underway with terms yet to be finalized
This 3-line summary is compiled from the report below.
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