Exciting news! We are here to share that Lambda Labs, a leading provider of high-performance computing infrastructure for AI and machine learning, has raised $320 million in a new funding round.
Lambda Labs was founded in 2016 with a mission to democratize access to powerful GPU computing resources for AI researchers and developers. Through its cloud-based platform, the company offers scalable, on-demand GPU clusters that enable organizations to accelerate their most compute-intensive machine learning workloads.
With this latest round of funding:
– $320 million in total funding
– Brings Lambda’s total funding to over $500 million
– Funds will be used to expand Lambda’s GPU cloud infrastructure and accelerate product development
The round is led by US Innovative Technology Fund (USIT) with participation B Capital, SK Telecom, T. Rowe Price Associates, Inc., and existing investors Crescent Cove, Mercato Partners, 1517 Fund, Bloomberg Beta, and Gradient Ventures, among others.
We are excited to see what the future holds for Lambda Labs as they continue to drive innovation in the AI computing space. https://pse.is/5t7cbx
