Tech Company Financing Transactions
Lambda Funding Round
1517 Fund, Bloomberg Beta and Gradient Ventures invested in a $24.5 million Series A funding round for Lambda. The round was announced by the company on 7/22/2021.
Transaction Overview
Company Name
Announced On
7/22/2021
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$24,500,000
Round
Series A
Investors
Proceeds Purpose
The company will use the capital to expand its cloud and software engineering teams, pay for fixed assets related to its cloud business, and as working capital for its deep learning hardware business.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
2565 3rd St. 244
San Francisco, CA 94107
USA
San Francisco, CA 94107
USA
Phone
Website
Email Address
Overview
Our workstations, servers, laptops, and cloud services power engineers and researchers at the forefront of human knowledge. Our customers include Apple, Intel, Microsoft, Amazon Research, Tencent, Kaiser Permanente, MIT, Stanford, Harvard, Caltech, and the Department of Defense.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Stephen Balaban
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