Update: Market Chatter: Lambda Raising Up to $4 Billion Ahead of Planned IPO

MT newswire2026/10/06 18:05

02:05 PM EDT, 10/06/2026 (MT Newswires) -- (Updates to add Blackstone's ticker in the symbol box and within the story.) Nvidia (NVDA)-backed cloud computing firm Lambda is raising up to $4 billion in a final funding round ahead of its planned initial public offering in 2027, The Wall Street Journal reported Tuesday, citing people familiar with the matter. The new funding would give Lambda a valuation of $14.5 billion, excluding the amount raised, the report said. Blackstone (BX) and Coatue Management are leading the round, according to the report. Nvidia participated in Lambda's 2025 series D funding round. Lambda did not immediately respond to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) Price: 240.25, Change: +1.35, Percent Change: +0.57

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