AI information middle supplier Lambda introduced Tuesday it raised $1.5 billion in a spherical led by TWG International, a relatively new $40 billion investment firm shaped by billionaires Thomas Tull, the previous proprietor of Legendary Leisure, and Guggenheim Companions founder and CEO Mark Walter.
TWG holds quite a lot of the billionaires’ property, together with Walter’s stakes within the Los Angeles Lakers and the brand new Cadillac F1 racing workforce. The agency additionally has a $15 billion fund to spend money on AI anchored by Abu Dhabi’s Mubadala Capital. TWG beforehand invested in a partnership with Elon Musk’s xAI and Palantir to sell AI agents to enterprises.
Now it’s backing Lambda, which operates numerous U.S. AI information facilities. Lambda is a CoreWeave competitor, though it additionally sells its “AI factories” to hyperscaler clouds. Earlier this month, Lambda introduced a multibillion-dollar deal to produce Microsoft with AI infrastructure utilizing tens of hundreds of Nvidia GPUs. (Nvidia is an investor in Lambda as nicely.)
Do not forget that Microsoft had the same cope with CoreWeave and had purchased about $1 billion price of companies from the corporate in 2024, its largest buyer final yr by a mile. Then OpenAI swooped in and signed a $12 billion cope with CoreWeave in March.
In the meantime, deal watchers have been speaking for months about Lambda seeking to elevate lots of of thousands and thousands of {dollars} at a valuation north of $4 billion. There was additionally discuss of an IPO. Previous to this, Lambda raised a $480 million Sequence D in February, with an estimated valuation of $2.5 billion, based on PitchBook.
Lambda’s $1.5 billion elevate far outstrips these earlier whispers of what it was in search of. Whether or not its valuation additionally soared, we will’t affirm and Lambda declined to touch upon that.
