Funding round
Lambda Series B
Lambda, which works in AI infrastructure hardware manufacturing in San Jose, raised an undisclosed amount in a Series B round announced on 1 Nov 2022. It is Lambda's second venture round on record; the one before was a Seed in Dec 2017.
Undisclosed
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Lambda did not disclose a valuation in this round. It came 59 months after Lambda's Seed. Lambda raised again 15 months later: a Series C round of $320M in Feb 2024, at $1.50B 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 this round 1 Nov 2022 amount not disclosed
- Series C 15 Feb 2024, led by United States Innovative Technology $320M$1.50B post-money
- Growth 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
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing and scaling operations.
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
828 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $30M. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 3 Nov 2022 | $100M | not disclosed | General Catalyst |
| Tech Companies | 16 Nov 2022 | $65M | not disclosed | NGP Capital |
| Tech Companies | 30 Nov 2022 | $60M | $339M | General Catalyst |
| Tech Companies | 15 Nov 2022 | $46M | not disclosed | WestCap |
| Tech Companies | 22 Nov 2022 | $41M | not disclosed | Octopus Ventures and Notion Capital |
| Tech Companies | 10 Nov 2022 | $41M | not disclosed | Sageview Capital and Omega Venture Partners |
| Tech Companies | 17 Nov 2022 | $40M | not disclosed | Founders Fund |
| Tech Companies | 17 Nov 2022 | $40M | not disclosed | Scale Venture Partners |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Lambda raise in its Series B round?
Lambda did not disclose the amount of its Series B round, announced in Nov 2022.
What was Lambda's valuation at the Series B round?
It was not disclosed.
Did Lambda raise again after this round?
Yes: a Series C round in Feb 2024 of $320M at $1.50B post-money.