AI Developer Lambda Announces $480M Series D

Gunderson Dettmer represented client Lambda, an AI Developer Cloud, in its $480 million Series D financing co-led by Andra Capital and SGW. On a mission to accelerate human progress with ubiquitous and affordable access to computation, Lambda’s GPU cloud and on-prem hardware enables AI developers to easily, securely and affordably build, test and deploy AI products at scale.

In the announcement of the transaction, Lambda CEO and co-founder Stephen Balaban said, “AI is fundamentally restructuring our economy. Lambda is investing billions of dollars to build the software platform and infrastructure powering AI. We build software tools that delight the AI Developer, and a platform that truly puts AI into the hands of the many. This investment will accelerate the expansion of the Lambda Cloud platform, Lambda Model Inference API, and Lambda Chat AI Assistant.”

The Gunderson Dettmer deal team was led by Heidi Shortz Walas and included Anjuli Schlievert, Rose Wang and Esalyna Liang.

Companies
Lambda
Andra Capital
SGW