Nvidia-backed neocloud Lambda is raising $4B in final round before IPO - WSJ

[IPO Concept with Stock Market Graphs] AlexSecret Nvidia-backed cloud computing firm Lambda is raising as much as $4 billion in the final round of fundraising before the company's planned initial public offering. The funding will give the company a valuation of $14.5 billion, excluding the amount of money raised, according to a WSJ report [https://www.wsj.com/tech/ai/ai-neocloud-lambda-is-raising-4-billion-in-final-round-before-planned-ipo-568182f9] on Tuesday, which cited people familiar with the matter. The pre-IPO fundraising round is led by Blackstone (BX [https://seekingalpha.com/symbol/BX]) and Coatue Management. Lambda is targeting an IPO in 2027, according to a letter sent to the company's limited partners that was viewed by the WSJ.