Tech Company Financing Transactions
Lambda Funding Round
1517 Fund, Bloomberg Beta and Gradient Ventures invested in a $24.5 million Series A venture 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
2510 Zanker Road
San Jose, CA 95131
USA
San Jose, CA 95131
USA
Phone
Undisclosed
Website
Email Address
Overview
We started Lambda as ML engineers to solve our own scaling problems and build the tools we wished existed. That under-the-desk hustle grew into the pursuit of AI factories at gigawatt scale, operated for teams pushing the frontier. Our mission is to make compute as ubiquitous as electricity and give everyone in America the power of superintelligence. From one GPU to hundreds of thousands, we build the infrastructure powering AI services used by hundreds of millions of people.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Jerry Hunter
Chief Executive Officer
Michel Combes
Chief Financial Officer
Charles Fisher
Chief Operating Officer
Leonard Speiser
Chief Technical Officer
Stephen Balaban
Chief Technical Officer
Collin Roe-Raymond
VP - Bus. Development
Robert Brooks IV
VP - General Counsel
David Connolly
VP - General Counsel
Ariel Nissan
VP - Product Management
Michael Balaban
VP - Product Management
Paul Zhao
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We report on all VC transactions involving tech companies. VC transactions reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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