Lambda, a cloud computing company backed by Nvidia, is raising as much as $4 billion at a pre-money valuation of $14.5 billion, according to The Wall Street Journal. BlockBeats cited the report on Oct. 7, saying people familiar with the matter described the fundraising terms. The update points to a sizable capital raise for the company, with the valuation and target amount both specified in the report. Nvidia was identified in the item by its ticker, NVDA.O. No additional deal terms were disclosed in the source material provided here, and the brief did not include further details on the investors, timetable, or structure of the financing round.
Lambda, a cloud computing company backed by Nvidia (NVDA.O), is raising up to $4 billion at a pre-money valuation of $14.5 billion, according to a report by The Wall Street Journal cited by BlockBeats on Oct. 7.
People familiar with the matter described the fundraising terms, the brief said.
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