Cloud Provider Lambda May Be Gearing Up For An Ipo

Cloud supplier Lambda mightiness beryllium pursuing rival CoreWeave to nan nationalist markets.

Lambda, an AI infrastructure institution offering on-demand GPUs, has hired bankers for an upcoming IPO, according to reporting from The Information. Lambda has reportedly hired Morgan Stanley, J.P. Morgan, and Citi for a nationalist listing that could hap arsenic early arsenic nan first half of 2026.

Lambda did not respond to a petition for comment.

The institution has raised much than $1.7 cardinal successful funding, according to Crunchbase data, from investors including Nvidia, Alumni Ventures, and Andra Capital, among others. It astir precocious raised $480 cardinal successful a Series D round successful February.

CoreWeave, Lambda’s biggest rival, went nationalist successful March of this year.