Cloud provider Lambda may be gearing up for an IPO

In Brief Cloud provider Lambda might be following rival CoreWeave to the public markets. Lambda, an AI infrastructure company offering on-demand GPUs, has hired bankers for an upcoming IPO, according to reporting from The Information. Lambda has reportedly hired Morgan Stanley, J.P. Morgan, and Citi for a public listing that could happen as early as the first half of 2026. Lambda did not respond to a request for comment. The company has raised more than $1.7 billion in funding, according to Crunchbase data, from investors including Nvidia, Alumni Ventures, and Andra Capital, among others. It most recently raised $480 million in a Series D round in February. CoreWeave, Lambda’s biggest rival, went public in March of this year.