Lambda seeks up to $4 billion in funding ahead of 2027 IPO
Cloud-computing firm Lambda is raising as much as $4 billion at a $14.5 billion pre-money valuation, its last private round before a planned 2027 public offering.
The financing round is being led by Blackstone and Coatue Management. Lambda’s letter to limited partners shows its order backlog surged to $50 billion in September from $15 billion in June. The company intends to list on the stock market in 2027, contingent on execution and market conditions. No comment was received from Lambda when approached for remarks.
Why it matters
The capital raise positions Lambda for a major IPO, signaling growing investor confidence in cloud-computing and AI-related services.
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lambdacloud computingfunding round$4 billionpre-money valuation $14.5 billionIPO 2027backlog $50 billionblackstonecoatue management
