StartupsTechCrunchabout 2 hours ago
Lambda raises $4B ahead of 2027 IPO
2 min read
Cloud provider Lambda raises up to $4 billion at a $14.5 billion pre-money valuation, led by Coatue Management and Blackstone. The company's backlog grew from $15 billion in June to $50 billion in September, driven largely by a $35 billion commitment from Anthropic. Lambda had planned a 2027 IPO after pushing back from this year due to market uncertainty.
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