Lambda: An Investment in a GPU Platform for AI Developers
A new idea in our portfolio

Lambda is a cloud-based GPU platform designed for artificial intelligence developers. In 2024, it became one of the fastest-growing companies in the generative AI industry, showcasing immense growth potential driven by a scalable market and a rational business approach.
Financial Highlights
- Company Valuation: $2.2 billion
- Revenue: $425 million in 2024
- Total Investments Raised: $932.2 million across 11 funding rounds
Market Insights
Lambda operates at the intersection of two rapidly expanding markets: GPUs and cloud platforms for AI.
- Global GPU Market: Projected to grow to $364.53 billion by 2030 (CAGR: 33.2%).
- Global Cloud AI Market: Estimated at $87.27 billion in 2024, with a growth rate of 39.7%.
Business Approach
Lambda provides cloud solutions tailored for both enterprise clients and SMEs. The company's offerings range from hourly GPU rentals—an attractive option for startups in AI—to thousands of modules for private cloud development.
With top-tier technologies like NVIDIA chips, including the latest H100, Lambda empowers AI developers with unparalleled capabilities. This focus has driven the company’s revenue growth from $20 million in 2022 to $425 million in 2024.
Investors and Clients
Lambda's clients include industry leaders such as MIT, Microsoft, Raytheon, Boston Scientific, Airbus, Nvidia, Samsung, and Sony.
Its investors feature Macquarie Group, Bloomberg Beta, and US Innovative Technology Fund (USIT).
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