Funding round
Lambda Series D
Lambda, which works in AI computing solutions development in San Jose, raised $480M in a Series D round announced on 18 Aug 2025, led by Andra Capital and SGW, at a $4.00B post-money valuation. 9 firms took part. It is Lambda's second venture round on record; the one before was a Series C in Feb 2024.
$480M
Amount raised
$4.00B
Post-money valuation
9
Investors
2 leads
2.7x
Step-up from the Series C
$1.50B in Feb 2024
12%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Lambda at $4.00B after the new money, 2.7 times the $1.50B of its Series C (Feb 2024). The $480M bought investors about 12% of the company. It came 18 months after Lambda's Series C. It is 60% of the $800M Lambda has raised in the venture rounds on record. No later venture round is on record for Lambda.
Lambda's funding rounds
Lambda has 2 venture rounds on record and 1 other deal. This one is highlighted.
- Series C 15 Feb 2024, led by United States Innovative Technology $320M$1.50B post-money
- Debt not a venture round 4 Apr 2024, led by Macquarie $500M
- Series D this round 18 Aug 2025, led by Andra Capital and SGW $480M$4.00B post-money
Investors
Who put money in
Andra Capital and SGW led the round with 7 other firms.
Lead investors
- Andra Capital new investor
- SGW new investor
Also in the round
- Nvidia new investor
- ARK Invest backs 29 venture-backed companies new investor
- Fincadia Advisors new investor
- G Squared backs 40 venture-backed companies new investor
- In-Q-Tel backs 97 venture-backed companies new investor
- KHK & Partners new investor
- backs 2 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
The closest in time: 2 in Hosting & Cloud Infrastructure Providers, then Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Crusoe Hosting & Cloud Infrastructure Providers | 12 Dec 2024 | $600M | $2.80B | Founders Fund |
| Hosting & Cloud Infrastructure Providers | 24 Jul 2026 | $25M | not disclosed | Dell Technologies Capital and Intel Capital |
| Group14 Batteries | 20 Aug 2025 | $463M | not disclosed | SK, Inc. |
| Tech Companies | 12 Aug 2025 | $150M | $2.50B | not named |
| Medical Supply Manufacturers | 11 Aug 2025 | $140M | not disclosed | Elevage Medical Technologies and Ally Bridge Group |
| Tech Companies | 4 Aug 2025 | $122M | not disclosed | Oak HC/FT and Sapphire Ventures |
| Tech Companies | 28 Aug 2025 | $100M | $2.00B | Meritech Capital and Atomico |
| Nuro Tech Companies | 1 Aug 2025 | $97M | $6.00B | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Lambda raise in its Series D round?
Lambda raised $480M in its Series D round, announced in Aug 2025.
Who led Lambda's Series D round?
Andra Capital and SGW led it, with Nvidia, ARK Invest, Fincadia Advisors, G Squared and In-Q-Tel and 2 more.
What was Lambda's valuation at the Series D round?
$4.00B post-money.