Lambda
Nvidia's $480M Series D co-investment and $1.5B GPU leaseback make Nvidia both Lambda's investor and largest customer. Lambda projects cloud revenue exceeding $1B by 2026, with the Nvidia partnership providing capital and credibility for its anticipated IPO.
NVIDIA Exemplar Cloud and 2024 AI Excellence Partner of the Year; Nvidia equity investor in Lambda's $480M Series D; Lambda deploys Nvidia GPUs as cloud platform under NVIDIA DGX Cloud Lepton program
Notes
Nvidia invested in Lambda's $480M Series D (February 2025). Named Exemplar Cloud designation and 2024 AI Excellence Partner of the Year. Lambda also signed $1.5B leaseback agreement with Nvidia for 18,000 GPUs. Secondary category: investment.
Milestones
- Lambda named NVIDIA Cloud Partner and 2024 AI Excellence Partner of the Year
Lambda joins Nvidia's cloud partner ecosystem deploying Nvidia GPUs as a cloud platform, earning the 2024 AI Excellence Partner of the Year designation and later the Exemplar Cloud status.
→ www.businesswire.com - Nvidia co-invests in Lambda's $480M Series D at $2.5B valuation
Nvidia participates directly in Lambda's $480M Series D alongside ARK Invest, G Squared, and Andrej Karpathy, giving Nvidia an equity stake in a key GPU cloud partner.
→ www.cnbc.com - Nvidia signs $1.5B leaseback deal for 18,000 Lambda GPUs, becoming Lambda's largest customer
Nvidia agrees to lease 18,000 GPU servers from Lambda over four years — $1.3B for 10,000 servers plus $200M for 8,000 more — making Nvidia Lambda's single largest customer ahead of Lambda's IPO.
→ www.datacenterdynamics.com