Lambda Inc. Asset Profile

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Year established

2012

Location

San Francisco CA US

Primary Industry

Hardware

About

Based in California, US, and founded in 2012 by Chief Executive Officer Stephen Balaban and co-founder Michael Balaban, Lambda Inc. operates as a provider of graphics processing unit description computing resources for artificial intelligence training and inference. In April 2024, Lambda Inc. raised USD 500 million in venture debt funding led by Macquarie Group, with participation from Industrial Development Funding. Lambda Inc. provides a variety of products such as Click Clusters, provides on-demand access to NVIDIA H100 Tensor Core GPUs with Quantum-2 InfiniBand networking, available without long-term contracts through the Lambda Cloud dashboard. The company’s GPU Cloud allows users to spin up GPUs on-demand or reserve them for projects, supporting AI training and inference needs. In addition, the firm provides Lambda Stack, a comprehensive AI software repository pre-installed on their workstations and servers, ensuring integration and maintenance of popular AI frameworks like PyTorch and TensorFlow. The company plans to use the funding from April 2024 for funding the on-demand cloud deployments for thousands of users, eliminating the need for them to sign a long-term contract. The financing will also support Nvidia GPU deployments for AI developers who are training and inferencing generative AI models in Lambda Cloud.

Current Investors

Razer Inc., Bloomberg Beta, 1517 Fund

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Primary Industry

Hardware

Sub Industries

Data Centers, Hardware, Systems Management Software

Website

www.lambdalabs.com

Verticals

Artificial Intelligence, Artificial Intelligence, Blockchain, E-commerce

Company Stage

Series C

Total Amount Raised

Subscriber access only

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