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Lambda Secures $1.5 Billion to Democratize AI Access

11/19/2025

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Summary

Story summary

Lambda raised over $1.5 billion in a Series E round led by TWG Global.
The round included participation by the US Innovative Technology Fund and existing investors.
The funding will accelerate Lambda's plans to build gigawatt-scale AI factories and boost supercomputing.
Lambda aims to deploy over one million Nvidia GPUs and 3GW of liquid-cooled data center capacity.
Stephen Balaban, Lambda's CEO, says the goal is to democratize AI access nationwide.

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Story summary

Lambda raised over $1.5 billion in a Series E round led by TWG Global.
The round included participation by the US Innovative Technology Fund and existing investors.
The funding will accelerate Lambda's plans to build gigawatt-scale AI factories and boost supercomputing.
Lambda aims to deploy over one million Nvidia GPUs and 3GW of liquid-cooled data center capacity.
Stephen Balaban, Lambda's CEO, says the goal is to democratize AI access nationwide.