Lambda Labs is a smaller cloud service provider focused on rentable GPUs for AI workloads. The company was among the first providers to offer NVIDIA H100 instances and was an early adopter of NVIDIA GH200 Grace Hopper accelerators; it has announced it will be among the first to offer NVIDIA Blackwell B200 GPUs. Liftr Insights added Lambda to its Intelligence Compute Tracker, which tracks AI infrastructure introductions, market share, product details, and reservation/preview data. Liftr data has shown changes in Lambda’s GPU pricing as demand for AI instances surged. Lambda recently closed a $320 million Series C at a $2 billion valuation to accelerate its presence as a GPU cloud provider. It is mentioned alongside specialist providers CoreWeave and Vultr as an important alternative to hyperscalers for high-demand GPU instances.

Total raised

$320M

Funding rounds

1

Latest round

Series C

Latest activity

Mar 2024