GoKawiilLambda raising up to $4B at $14.5B valuation before 2027 IPO
Cloud computing startup Lambda is raising as much as $4 billion at a $14.5 billion pre-money valuation, led by Coatue Management and Blackstone, according to The Wall Street Journal. The round would likely be its last private fundraise before a planned 2027 public listing. A letter to investors shows Lambda's contract backlog jumped from $15 billion in June to $50 billion in September, driven largely by a $35 billion commitment from Anthropic signed in late August.