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Lambda raises $320 million for GPU cloud

February 26, 2024

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AI cloud service provider Lambda has scored a $320 million cash infusion to build out its GPU-based services, which provide AI training clusters made up of thousands of Nvidia accelerators.

Lambda is the latest cloud company to offer GPU processing – instead of the standard CPU processing – dedicated to all things AI, particularly inference and training. Vultr, CoreWeave and Voltage Park are all offering similar cloud GPU services.

Lambda is preparing to deploy “tens of thousands” of Nvidia GPUs, including the current top-of-the-line H100 Hopper accelerators as well as Nvidia’s forthcoming G200 GPU accelerators, which are set to double the performance of the H100. Lambda is also looking to deploy Nvidia’s hybrid GH200 CPU/GPU superchips.

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