L
Lambda
GPU cloudPrivateLambda is a GPU cloud based in San Francisco, United States, founded in 2012. It is privately held.
Capacity, contracted—not disclosed in MW
Capacity, operating—not disclosed
Valuation$14.5Bpre-money, 6 Oct 2026 (reported)
Compute deals on record6$34.9B confirmed contract value
Key facts
| Classification | GPU cloudHow types are assigned |
| Status | Private |
| Headquarters | San Francisco, United States |
| Founded | 2012 |
| Founders | Stephen BalabanXLinkedInMichael Balaban |
| Capacity and backlog | Anthropic committed to spend up to $34.9 billion with Lambda over six years for about 350 MW (Anthropic registration statement, November 2026). Lambda's contracted backlog was reported at about $50 billion in September 2026, up from $15 billion in June 2026 (TechCrunch and WSJ reporting). On 4 November 2026 Lambda announced plans for a data center campus in Lowndes County, Alabama, with an investment of more than $33 billion in the state (company announcement).Reported, not confirmed by the company |
| Chips | NVIDIA |
| Named customers | Anthropic, MicrosoftReported, not confirmed by the company |
| Latest financing | $1.01B, GPU-backed financing (J.P. Morgan lead arranger; Moody's Baa1, DBRS A(low)), 1 Oct 2026 |
| Investors named | Coatue Management, Blackstone, TWG Global, US Innovative Technology Fund, NVIDIA |
| Debt and financing | Lambda closed a $926 million GPU-backed term loan B rated Baa2 by Moody's in August 2026 (lead left arranger Morgan Stanley) and a $1.01 billion GPU financing rated Baa1 by Moody's and A (low) by DBRS on 1 October 2026 (coordinating lead arranger J.P. Morgan) (company announcements). |
| Website | lambda.com |
| Profiles and work | X @LambdaAPILinkedInYouTubeDocsResearchHow links are checked, checked 10 Nov 2026 |
Sources for this table: techcrunch.com, datacenterdynamics.com, financialcontent.com, lambda.com, lambda.comchecked 10 Nov 2026
Compute deals and financings
| Date | Counterparty | Role | Type | Value | Capacity | Status | Source · checked |
|---|---|---|---|---|---|---|---|
| 1 Oct 2026 | J.P. Morgan (sole coordinating lead arranger) | Buyer | Debt financing | $1.01B | — | Confirmed | |
| 31 Aug 2026 | Anthropic | Provider | Capacity contractNVIDIA GPUs | $34.9B | 350 MW | Confirmed | sec.gov Under our August 2026 agreement, which represents approximately $34.9 billion of the aggregate commitment, either party may terminate if Lambda does not timely secure the facility lease.checked 9 Nov 2026 |
| 27 Aug 2026 | Morgan Stanley (lead left arranger); MUFG | Buyer | Debt financing | $926M | — | Confirmed | |
| 3 Nov 2025 | Microsoft | Provider | Capacity contractNVIDIA GB300 NVL72 | undisclosed | — | Confirmed | lambda.com Lambda, the Superintelligence Cloud, today announced a multibillion-dollar agreement with Microsoft to deploy AIchecked 9 Nov 2026 |
| 5 Sep 2025 | NVIDIA | Provider | Capacity contract | $1.5B | — | Reported | tomshardware.comchecked 9 Nov 2026 |
| 4 Apr 2024 | Macquarie (lead); Industrial Development Funding | Buyer | Debt financingNVIDIA H100 | $500M | — | Confirmed | thestar.com.my Lambda has secured a $500 million loan from lenders including Macquarie Groupchecked 9 Nov 2026 |
Investors by round
| Investor | Round | Date | Round size | Role | Status | Source |
|---|---|---|---|---|---|---|
| TWG Global | Series E | 2025-11-18 | $1.5B | lead | Confirmed | |
| US Innovative Technology Fund | Series E | 2025-11-18 | $1.5B | participant | Confirmed | |
| Blackstone | pre-IPO round (in progress) | 2026-10-06 | $4B | co-lead | Reported | |
| Coatue Management | pre-IPO round (in progress) | 2026-10-06 | $4B | co-lead | Reported |
Latest posts on X
The most recent posts from @LambdaAPI, the X account of Lambda, quoted as posted. Replies and reposts are left out. How posts are selected.
Burkov's new book takes you from the Policy Gradient Theorem to working PyTorch code. You implement REINFORCE from scratch, then move to PPO and Deep Q-Networks, all on the same rocket-landing task so you can compare how each algorithm learns and behaves. It also covers RLHF and verifiable rewards for language models. Lambda is sponsoring students with cloud credits to run the code.
GPU-accelerated simulation is the bridge: embodied AI benchmarks in sim, then sim-to-real transfer for real robot policy learning. Three challenges, BEHAVIOR, RoboEval, RoboChess, make that pipeline concrete. Nov 12, 8:30 AM CST, Room 212, JW Marriott, Austin.
Lambda is sponsoring two workshops at CoRL 2026 in Austin and co-organizing them with NVIDIA. We’re also presenting I3L, a workshop paper with Li Fei-Fei’s lab at Stanford. I3L studies whole-body mobile manipulation through iterative, interactive imitation learning. On JoyLo+, the robot can hand control to a person through touch. The authors tested the approach on three robot embodiments and eight tasks. They report a 68.3 point gain in average autonomous success over the base policies, at least 90% success on every task, and a 72% reduction in average takeover time. Both workshops are Nov…
Read the full post on X · With 1 image
checked 10 Nov 2026
Is Lambda publicly traded?
No. Lambda is a private company with no publicly traded shares (checked 10 Nov 2026). Its latest disclosed valuation is $14.5B pre-money (6 Oct 2026) (reported).
EveryNeo is an independent informational project. Nothing here is investment, legal or financial advice. Disclaimer
Other GPU clouds on the ledger
| Company | Status | Contracted | Operating | Valuation / market cap |
|---|---|---|---|---|
| NNscale | Private | 1.37 GW | — | $14.6B |
| FFirmus | Private | — | — | $10.5B |
| DDigitalOcean | NYSE:DOCN | 180 MW | — | $9.24B |
| IIREN | NASDAQ:IREN | 300 MW | — | $9.09B |
| FFluidstack | Private | — | — | $7.5B |
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