Powering the future of AI: seamless integration of hardware, software, and cloud
Country: USA
Founded: 2012
Valuation: $3.4 bn
Team: S. Balaban
About Company
Lambda Labs focuses on building an AI Developer Cloud supporting every stage of an ML development cycle. Main products are: 1) Cloud Services and Software (78% of rev.): Lambda Cloud provides scalable GPU cloud infrastructure, allowing users to run AI workloads without needing to manage physical hardware. In addition, the company provides ML-focused software to manage learning environments 2) Hardware (22% of rev) - Lambda Labs offers powerful workstations, servers, and GPU clusters designed for deep learning and AI workloads.
Key Investors
Key Highlights
- ~$400 m proj. revenue in 2024, up from $250 m in 2023 - $13 m EBITDA positive (Q1 2024), $100 m projected for the full year, $400 m projected for 2025 - IPO planned for 2025, due to great financials and market demand - Primary round ongoing: $160+ m have already been raised out of $800 m total amount - Strong relationship with Nvidia – recognized as #1 AI partner throughout 4 years in a row - Top-tier investors: Bloomberg, Macquarie, T. Rowe Price, SK Telecom, and others - Team: 269 employees, leaders and engineers with track record at Google, Amazon, SpaceX, IBM, HP, Meta, and others - Lambda’s advantage is the ability to quickly gain market share based on economies of scale
About Company
Lambda Labs focuses on building an AI Developer Cloud supporting every stage of an ML development cycle. Main products are: 1) Cloud Services and Software (78% of rev.): Lambda Cloud provides scalable GPU cloud infrastructure, allowing users to run AI workloads without needing to manage physical hardware. In addition, the company provides ML-focused software to manage learning environments 2) Hardware (22% of rev) - Lambda Labs offers powerful workstations, servers, and GPU clusters designed for deep learning and AI workloads.
Key Investors
Key Highlights
- ~$400 m proj. revenue in 2024, up from $250 m in 2023 - $13 m EBITDA positive (Q1 2024), $100 m projected for the full year, $400 m projected for 2025 - IPO planned for 2025, due to great financials and market demand - Primary round ongoing: $160+ m have already been raised out of $800 m total amount - Strong relationship with Nvidia – recognized as #1 AI partner throughout 4 years in a row - Top-tier investors: Bloomberg, Macquarie, T. Rowe Price, SK Telecom, and others - Team: 269 employees, leaders and engineers with track record at Google, Amazon, SpaceX, IBM, HP, Meta, and others - Lambda’s advantage is the ability to quickly gain market share based on economies of scale