Teaming Up with Lambda for raising $800 Million Series D Equity Round
San Francisco, CA – Apollonia Capital has teamed up with Lambda Labs to facilitate a $800 million Series D equity round, with JP Morgan acting as the placement agent. Apollonia is raising $200 million lead investment to support this significant funding initiative, enhancing Lambda's continued innovation in AI and cloud computing. The round's valuation is currently being negotiated with one of Japan's premier investment funds.
Lambda specializes in a cloud computing platform designed for extensive AI training and inference. Their servers and workstations are pre-configured to optimize the training of complex models for essential applications such as natural language processing and drug discovery.
In 2023, Lambda achieved $250 million in revenue and successfully closed its Series C funding at $300 million, valuing the company at $1.5 billion post-money followed by a subsequent debt raise of $500 million. Since its founding in 2021, Lambda has provided cutting-edge AI products and cloud services to a global clientele, including major corporations like Intel, Microsoft, Amazon, and over 1,000 other companies.
Lambda's impressive funding history includes $64 million raised from industry leaders such as Greg Brockman (OpenAI Chairman), Adam D’Angelo (former Facebook CTO), and Akash Jain (Palantir CTO), along with major venture firms such as Gradient Ventures (Google’s AI Fund) and USIT, which focuses on dual-use technology.
"The teamwork between Apollonia Capital, Lambda, and JP Morgan is pivotal for advancing cutting-edge technologies in AI and cloud computing," said a spokeperson for Apollonia Capital. "With JP Morgan as the placement agent, we are proud to support Lambda’s growth, helping to fuel innovation and maintain their leadership in the tech sector."
Lambda continues to set benchmarks in the tech industry, demonstrating significant growth and relentless innovation. This Series D funding round not only strengthens its market position but also bolsters its capabilities to lead in the high-demand AI technology sector.
About Apollonia Capital
Apollonia Capital is a leading investment firm that specializes in funding transformative technology ventures. With a strong focus on sustainable growth and technological innovation, Apollonia is committed to enhancing global capabilities in the high-tech sector.
About Lambda
Lambda is a pioneer in AI and cloud computing technology, offering advanced products and services that significantly enhance AI training and inference processes. Their solutions are vital in powering advancements in sectors that require high computational performance and accuracy.
