Funding round
Lambda Growth
Reported as "Growth Equity"
Lambda, which works in AI infrastructure hardware manufacturing in San Jose, raised $500M in a Growth round announced on 4 Apr 2024, led by Macquarie. 2 firms took part. It is Lambda's fourth venture round on record; the one before was a Series C in Feb 2024.
$500M
Amount raised
of which $500M debt
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Lambda did not disclose a valuation in this round; its last disclosed one was $1.50B at the Series C (Feb 2024). It came 2 months after Lambda's Series C. It is 18% of the $2.80B Lambda has raised in the venture rounds on record. Lambda raised again 10 months later: a Series D round of $480M in Feb 2025, at $2.50B post-money.
Lambda's funding rounds
Lambda has 6 venture rounds on record and 2 other deals. This one is highlighted.
- Seed 20 Dec 2017 $4.0M
- Series B 1 Nov 2022 amount not disclosed
- Series C 15 Feb 2024, led by United States Innovative Technology $320M$1.50B post-money
- Growth this round 4 Apr 2024, led by Macquarie $500M
- Series D 19 Feb 2025, led by Andra Capital and SGW $480M$2.50B post-money
- Debt not a venture round 20 Aug 2025, led by J.P. Morgan $275M
- Series E 18 Nov 2025, led by TWG Global $1.50B
- Debt not a venture round 12 Aug 2026, led by Morgan Stanley $926M
Investors
Who put money in
Macquarie led the round with 1 other firm.
Lead investor
- Macquarie backs 52 venture-backed companies new investor
Also in the round
- backs 2 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
364 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $47M, and this round was 11 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Buyers Edge Platform Tech Companies | 8 Apr 2024 | $425M | not disclosed | General Atlantic |
| Perplexity Tech Companies | 23 Apr 2024 | $250M | $2.50B | not named |
| Cognition Tech Companies | 1 Apr 2024 | $175M | $2.00B | Founders Fund |
| Ramp Tech Companies | 17 Apr 2024 | $150M | $13.00B | Khosla Ventures and Founders Fund |
| Tech Companies | 9 Apr 2024 | $125M | not disclosed | 8VC and NewRoad Capital Partners |
| Tech Companies | 4 Apr 2024 | $109M | not disclosed | Sumeru Equity Partners |
| Tech Companies | 22 Apr 2024 | $100M | not disclosed | Deerfield and Endeavor Health |
| Factorial Tech Companies | 11 Apr 2024 | $80M | not disclosed | General Catalyst |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Lambda raise in its Growth round?
Lambda raised $500M in its Growth round, announced in Apr 2024.
Who led Lambda's Growth round?
Macquarie led it, with Industrial Development Funding.
What was Lambda's valuation at the Growth round?
It was not disclosed; its last disclosed one was $1.50B at the Series C (Feb 2024).
How does it compare with other Growth rounds in Tech Companies?
364 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $47M, and this round was 11 times the median.
Did Lambda raise again after this round?
Yes: a Series D round in Feb 2025 of $480M at $2.50B post-money.