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Lambda

The Superintelligence Cloud
Data / Infra 📍 San Jose, California Founded 2012
Current Valuation
$9.4B
as of 2025-Q4
UNICORN

IPO Outlookprivate

Is Lambda going public in 2026?
No. Lambda is private and has not filed to go public; 2026 is the earliest year discussed. There is no S-1 on file.
What is Lambda's valuation in 2026?
Lambda is valued at $9.4B as of 2025-Q4, set by its Series E-3 ($410.28M, Nov 2025). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Lambda filed an S-1?
No public S-1 is on file for Lambda.
Who are Lambda's investors?
Lambda's investors include TWG Global, US Innovative Technology Fund (USIT), Andra Capital, SGW, NVIDIA, Andrej Karpathy and 20 more.
Read the Lambda pre-IPO deep dive · 08/15/2026
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Lambda is a leading AI cloud infrastructure provider offering GPU-powered cloud services, on-demand clusters, private cloud, and hardware for AI training and inference. Founded in 2012 by brothers Stephen and Michael Balaban, Lambda has grown from an AI photo editing app to a major player in AI infrastructure, serving over 200,000 AI developers and teams. The company operates gigawatt-scale AI data centers and is a seven-time NVIDIA Partner of the Year and NVIDIA Exemplar Cloud partner. Lambda provides access to cutting-edge GPUs including NVIDIA B200, H100, A100, and GH200, with a focus on making AI compute accessible and scalable.

Company Profile

CEO
Stephen Balaban
Founded
2012
HQ
San Jose, California
Employees
400-500
Total Raised
$2.4B
Est. Revenue
$760M (2025-Q4)
Growth
Hypergrowth - 80% YoY revenue growth, one of the fastest-growing GPU cloud providers
Last Round
Series E-3 — $410.28M (Nov 2025)
IPO Status
Private

Fundraising Status

Series E-3 · $410.28M · 9 mo ago
PrivateTotal raised $2.4B

Secondary Market

Implied price / share
$40.68
Last round price / share
$32.27
vs last round
+26.1%
Open interest
56
Last round price vs secondary price
Last round vs current secondary price per share$32.27Last round$40.68Current
Secondary price return by period
Secondary market period returns3-month-4.6%6-month-30.8%1-year+68.1%All-time+213%
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →

Latest Funding Round

RoundAmountDateLead InvestorPost-Money
Series E-3$410.28MNov 2025

Talent Signal

Hiring trend
First snapshot
trend accrues with monthly sweeps
Open roles
70
via ashby
Product-build share
67%
engineering, research, product, design
Trajectory
steady
heavy product build — 67% of open roles are product-building functions (engineering/research/product) — 38 of 70 open roles are engineering.
Actively hiring with no tracked executive churn.
Open roles by month
Open roles by month70Aug '26
Open roles by function
Open roles by functionEngineering38Other11Finance & Strategy5Product4Hardware3Ops & People3Security2Sales & GTM2Support1
product-building   go-to-market / G&A
Senior Platform Engineer - Core InfrastructureSenior HPC Platform Hardware EngineerSenior Software Engineer - Fleet EngineeringSenior Network EngineerHardware Quality EngineerData Center Operations Systems Engineer (Quebec City, Canada)
Counted from Lambda's live job board as of 2026-08-17; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.

Founders & Key People

Stephen BalabanMichael Balaban

Investors

TWG Global · US Innovative Technology Fund (USIT) · Andra Capital · SGW · NVIDIA · Andrej Karpathy · ARK Invest · In-Q-Tel (IQT) · 1517 Fund · Alumni Ventures · B Capital · Fincadia Advisors · G Squared · KHK & Partners · Gradient Ventures · Mubadala Capital · Pegatron · Supermicro · Wistron · Wiwynn · Crescent Cove · JP Morgan · SK Telecom · T. Rowe Price · Thomas Tull · Mark Walter

Products

  • Lambda 1-Click Clusters
  • Lambda Echelon
  • Lambda Stack
  • On-Demand Cloud
  • Reserved Cloud

Competitors

CoreWeave · Together AI · Crusoe · Run:ai
AI InfrastructureGPU CloudMachine LearningDeep LearningCloud ComputingNVIDIA PartnerSuperintelligenceAI TrainingAI InferenceData CenterEnterprise AI
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2025-Q4. Refreshed quarterly.