Lambda, the AI cloud provider specializing in on-demand GPUs, is preparing for a public listing that could take place in the first half of 2026. According to reporting from The Information, the company has engaged Morgan Stanley, J.P. Morgan, and Citi to lead the offering.
Founded to power the growth of artificial intelligence applications, Lambda has raised more than $1.7 billion to date from backers including Nvidia, Alumni Ventures, and Andra Capital. Its most recent financing, a $480 million Series D completed in February, underscored investor appetite for GPU-driven infrastructure.
The move follows the March IPO of competitor CoreWeave, positioning Lambda to capitalize on accelerating demand for AI compute in enterprise and research markets.
