COMPANY INFO
Lambda Labs, Inc. was founded in 2012 by brothers Michael Balaban and Stephen Balaban. The company has around 300 employees and operates in the computer equipment and AI hardware industry, specializing in manufacturing and providing deep learning servers and workstations. Their website is lambdalabs.com. Lambda Labs offers hardware and software solutions for AI model training and inference, serving a broad range of industries with high-performance computing infrastructure for machine learning workloads.
Lambda Labs was founded in 2012 by brothers Michael Balaban and Stephen Balaban. The company is headquartered in San Jose, California, with approximately 495 employees as of 2025. Lambda Labs operates in the systems and information management industry, specializing in providing high-performance computing infrastructure and AI hardware. Their solutions include cloud computing platforms, servers, and workstations, all optimized for large-scale artificial intelligence training and inference. Lambda Labs offers pre-configured hardware with popular machine learning frameworks, supporting enterprises in tasks like natural language processing and drug discovery.
Lambda Labs funding activity has been significant, raising a total of $1.408 billion across seven funding rounds. Since its inception, the company has executed a strategic approach to venture capital, combining equity and debt financing to fuel technology development, market expansion, and scaling operations. Notable funding milestones include their substantial Series D round, which further solidified Lambda Labs' position as a leader in AI infrastructure. Lambda Labs investors represent an impressive mix of institutional and strategic backers, demonstrating confidence in the company's vision for large-scale GPU cloud platforms and innovative AI tools.
The Series D round was co-led by Andra Capital and SGW, raising $480 million to accelerate the expansion of Lambda Labs' AI cloud platform infrastructure. The funds are being used to scale GPU deployment, advance Lambda's software suite, and develop new AI tools, including Lambda Chat.
This round of debt financing was structured to support Lambda Labs' operational needs, providing capital for working capital requirements and ongoing infrastructure investments.
The Series C round helped drive further scaling and revenue generation, enabling Lambda Labs to invest in additional hardware resources and enterprise customer acquisition.
The Series B round was aimed at market expansion and accelerating growth, allowing Lambda Labs to reach new clients and broaden its portfolio of AI and deep learning solutions.
Secured to boost product development and support business scaling, the Series A funding allowed Lambda Labs to expand its engineering team and enhance the capabilities of its core platforms.
This early seed funding was crucial for Lambda Labs' initial launch and product development, enabling the transition from prototype phase to viable enterprise offerings.
Andra Capital is a prominent venture capital firm that co-led Lambda Labs' Series D round. Their investment brings deep expertise in scaling technology companies and signals strong institutional support for Lambda's AI infrastructure strategy.
SGW joined Andra Capital in co-leading the Series D round. SGW’s participation highlights their confidence in Lambda Labs' potential to disrupt cloud AI and GPU-based computing solutions.
A global financial services group, Macquarie Group is one of the notable Lambda Labs investors, providing capital for growth and supporting expansion into new market segments.
With a focus on cutting-edge technology ventures, the US Innovative Technology Fund contributed to Lambda Labs’ funding rounds, backing their continued innovation in AI and machine learning infrastructure.
Mercato Partners is an investor offering financial and strategic support during critical growth phases, helping Lambda Labs execute its vision across additional funding rounds.
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