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Lambda

GPU cloudPrivate

Lambda is a GPU cloud based in San Francisco, United States, founded in 2012. It is privately held.

Record checked 10 Nov 2026lambda.comReport an error

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

ClassificationGPU cloudHow types are assigned
StatusPrivate
HeadquartersSan Francisco, United States
Founded2012
FoundersStephen BalabanXLinkedInMichael Balaban
Capacity and backlogAnthropic 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
ChipsNVIDIA
Named customersAnthropic, 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 namedCoatue Management, Blackstone, TWG Global, US Innovative Technology Fund, NVIDIA
Debt and financingLambda 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).
Websitelambda.com
Profiles and workX @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

DateCounterpartyRoleTypeValueCapacityStatusSource · checked
1 Oct 2026J.P. Morgan (sole coordinating lead arranger)BuyerDebt financing$1.01B—Confirmed
financialcontent.com6.78% fixed interest rate on a semi-annual coupon basischecked 9 Nov 2026
31 Aug 2026AnthropicProviderCapacity contractNVIDIA GPUs$34.9B350 MWConfirmed
sec.govUnder 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 2026Morgan Stanley (lead left arranger); MUFGBuyerDebt financing$926M—Confirmed
lambda.comthe closing of its $926 million senior secured term loan B facilitychecked 9 Nov 2026
3 Nov 2025MicrosoftProviderCapacity contractNVIDIA GB300 NVL72undisclosed—Confirmed
lambda.comLambda, the Superintelligence Cloud, today announced a multibillion-dollar agreement with Microsoft to deploy AIchecked 9 Nov 2026
5 Sep 2025NVIDIAProviderCapacity contract$1.5B—Reported
tomshardware.comchecked 9 Nov 2026
4 Apr 2024Macquarie (lead); Industrial Development FundingBuyerDebt financingNVIDIA H100$500M—Confirmed
thestar.com.myLambda has secured a $500 million loan from lenders including Macquarie Groupchecked 9 Nov 2026

Investors by round

InvestorRoundDateRound sizeRoleStatusSource
TWG GlobalSeries E2025-11-18$1.5BleadConfirmed
US Innovative Technology FundSeries E2025-11-18$1.5BparticipantConfirmed
Blackstonepre-IPO round (in progress)2026-10-06$4Bco-leadReported
Coatue Managementpre-IPO round (in progress)2026-10-06$4Bco-leadReported

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

CompanyStatusContractedOperatingValuation / market cap
NNscalePrivate1.37 GW—$14.6B
FFirmusPrivate——$10.5B
DDigitalOceanNYSE:DOCN180 MW—$9.24B
IIRENNASDAQ:IREN300 MW—$9.09B
FFluidstackPrivate——$7.5B

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