Recently, AI data center service provider Lambda announced the successful completion of a $1.5 billion funding round, led by the newly established investment company TWG Global. TWG Global was founded by Thomas Tull, former boss of legendary entertainment, and Mark Walter, founder of Guggenheim Partners. It manages $40 billion in assets and focuses on investments in the AI field.

Investment, financing, money

TWG Global has a rich portfolio in the AI field, including collaborations with Elon Musk's xAI and Palantir, aiming to sell AI agent services to enterprises. Lambda operates multiple AI data centers in the United States, with CoreWeave as its competitor, and also sells its "AI factory" to large cloud computing platforms.

Not long ago, Lambda reached a multi-billion-dollar partnership agreement with Microsoft to provide AI infrastructure, using tens of thousands of Nvidia GPUs. Notably, Nvidia is also an investor in Lambda. Microsoft previously signed a similar agreement with CoreWeave and purchased about $1 billion in services in 2024, becoming its largest client. Meanwhile, OpenAI reached a $12 billion partnership agreement with CoreWeave this March.

Before this funding round, market analysts discussed that Lambda aimed to raise hundreds of millions of dollars, expecting its valuation to exceed $4 billion, and there were rumors of an IPO. Lambda completed a $480 million Series D funding round in February of this year, with a valuation of approximately $2.5 billion at that time. Therefore, this $1.5 billion funding round far exceeded previous expectations, although we cannot confirm its latest valuation level, and Lambda has not commented on it.

Key points:

🌟 Lambda successfully raised $1.5 billion, enhancing its AI infrastructure capabilities.

🚀 New investor TWG Global focuses on AI investment portfolios.

💼 Lambda reached a multi-billion-dollar AI infrastructure cooperation agreement with Microsoft.