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Lambda Raises $320M At Over $1.5 Billion Valuation

Finsmes · 1y ago

Lambda Raises $320M At Over $1.5 Billion Valuation

California-based GPU cloud company, Lambda, has secured $320 million in Series C funding, valuing the company at over $1.5 billion. The funding round was led by US Innovative Technology and included participation from new investors B Capital and SK Telecom, as well as existing investors such as Crescent Cove and Mercato Partners. Lambda plans to use the funds to expand its AI cloud business, including on-demand and reserved cloud offerings. The company provides an AI compute platform, allowing developers to build, test, and deploy AI products at scale.

Related News

AI cloud startup Lambda raises $480 million in new round; Nvidia among investors

Economic Times

Economic Times · 6m ago

AI cloud startup Lambda raises $480 million in new round; Nvidia among investors

Lambda, a cloud computing startup focused on AI development, raised $480 million in a Series D round with investors like Nvidia, bringing its total equity to $863 million and valuation to $2.5 billion. The funds will enhance its cloud services with more Nvidia chips, supporting AI models including open source ones like China's DeepSeek-R1. Founded in 2012, Lambda serves over 5,000 clients across diverse sectors, including government, using its AI hardware and services.

Invesco raises IPO-bound Swiggy's valuation for second time in a row to $8.3 billion

Money Control

Money Control · 1y ago

Invesco raises IPO-bound Swiggy's valuation for second time in a row to $8.3 billion

Swiggy's valuation has been raised for the second consecutive time by Invesco, a US-based asset management company. The foodtech major now stands at a valuation of $8.3 billion, up from $7.85 billion last year. This increase comes after Swiggy experienced back-to-back valuation cuts, with its value dropping to $5.5 billion at one point. The latest markup from Invesco indicates that Swiggy's worth is now lower than its valuation of $10.7 billion in January 2022. Swiggy is currently preparing for a potential IPO to raise over $1 billion.

Exclusive: Clay secures a new round at a $3B valuation, sources say

TechCrunch · 2m ago

Exclusive: Clay secures a new round at a $3B valuation, sources say

Clay, a sales automation startup, has raised a Series C round at a $3 billion valuation, led by CapitalG. This follows a tender offer where employees sold shares at a $1.5 billion valuation. Founded in 2017, Clay pivoted to AI-driven sales tools, serving clients like OpenAI and HubSpot. Competing with platforms such as ZoomInfo, Clay is backed by investors including Sequoia and Meritech Capital. The company plans annual tender offers for stock sales.

HSBC estimates B2B ecommerce unicorn Elastic Run valuation at $800 million

Economic Times

Economic Times · 1y ago

HSBC estimates B2B ecommerce unicorn Elastic Run valuation at $800 million

HSBC has revised its valuation estimate for several Indian startups, including B2B ecommerce platform Elastic Run, lowering it to $800 million from $1.5 billion. The valuation estimate for etailer Meesho was also reduced by 14% to $2.5 billion, while agritech firm Dehaat's valuation was lowered by 11% to $400 million. However, Meesho is in the midst of a $600 million funding round, which is expected to finalize at a valuation of up to $4 billion. Additionally, HSBC stated that Prosus' stake in Byju's, an edtech company, has no value due to funding challenges and legal issues.

Startup news and updates: Daily roundup (June 13, 2025)

YourStory

YourStory · 2m ago

Startup news and updates: Daily roundup (June 13, 2025)

On June 13, 2025, significant developments in the Indian startup ecosystem were highlighted. IPO-bound Groww reported a threefold profit jump to Rs 1,819 crore in FY25 and raised $200 million at a $7 billion valuation. Spinny raised $30 million from WestBridge Capital, maintaining its valuation between $1.5-$1.7 billion. Sunfox Technologies developed a portable ECG device for cardiac diagnosis. OpenAI partnered with Mattel to incorporate AI across its toy brands, enhancing consumer interaction.

Udaan in talks to raise new round, valuation may drop significantly

Entrackr

Entrackr · 2y ago

Udaan in talks to raise new round, valuation may drop significantly

Udaan, a B2B e-commerce firm, is reportedly in discussions to raise $200-250 million in an internal funding round led by Lightspeed and other internal investors. This equity round follows a 30-month gap, during which Udaan mainly raised funds through debt and convertible notes. The Bengaluru-based company, previously valued at over $3 billion, may undergo a valuation haircut and could be valued between $1 billion to $1.5 billion. Udaan saw significant growth in revenue but also incurred substantial losses in FY22. Both Udaan and Lightspeed denied the details reported.

Zepto in talks with Indian family offices like Motilal Oswal to shore up another $100-150 million

Economic Times

Economic Times · 10m ago

Zepto in talks with Indian family offices like Motilal Oswal to shore up another $100-150 million

Indian quick commerce firm Zepto is in discussions to raise $100-150 million from domestic family offices and high-net-worth individuals. This fundraising round would value the company at $4.6 billion. Zepto recently raised $340 million, bringing its valuation to $5 billion. Motilal Oswal Asset Management has already committed $40 million to the funding round. The additional funds would bring Zepto's total raised capital to over $1.5 billion in just four months, highlighting the strong interest in the company and the quick commerce sector. Zepto faces competition from Swiggy Instamart and Blinkit.

Investors vie for stake in discount broker Dhan

Inshorts · 1y ago

Investors vie for stake in discount broker Dhan

Raise Fintech Ventures, which runs discount broking app Dhan, has received interest from several investors ready to back it at a valuation of $1.5 billion, said three people briefed on the matter. This will be a significant leap for the three-year-old startup that was valued at $105 million in 2021.

Udaan raises $75 Mn at flat valuation

Entrackr

Entrackr · 6m ago

Udaan raises $75 Mn at flat valuation

Udaan raises $75 Mn at flat valuation B2B e-commerce platform Udaan has raised $75 million in a Series G equity funding round at a flat valuation, as announced by the company’s co-founder and CEO, Vaibhav Gupta, during a town hall today. Sources assert that the company has been valued in the range of $1.5 to $1.8 billion in this round. According to sources, Udaan plans to use the funds to uplift customer experience, expand market reach, strengthen strategic vendor partnerships, and beef up supply chain and credit infrastructure. Last month, Udaan received approval from the National Company Law Tribunal (NCLT) to merge its various business entities into a unified entity, Hiveloop Ecommerce Pvt Ltd. This consolidation marks a significant milestone in its journey toward becoming a publicly listed company. In October 2024, Udaan secured Rs 300 crore (over $35 million) in debt funding from Lighthouse Canton, Stride Ventures, InnoVen Capital, and Trifecta Capital. The company has raised around $1.9 billion in debt and equity funding to date. Udaan’s gross revenue (GMV) grew only 1.7% to Rs 5,706.6 crore in the fiscal year ending March 2024 in contrast to Rs 5,609.3 crore booked in FY23. However, it managed to control its losses by 19.4% to Rs 1,674.1 crore in the same period.

AI startup Scribenote raises $8.2 million in Andreessen Horowitz-led funding round

Economic Times

Economic Times · 11m ago

AI startup Scribenote raises $8.2 million in Andreessen Horowitz-led funding round

Scribenote, an AI-driven startup that generates medical records for veterinarians, has raised $8.2 million in an early-stage funding round led by Andreessen Horowitz. Other participants included Inovia Capital and Velocity Fund. Although the valuation of the funds raised was not disclosed, the investment highlights the growing investor interest in AI startups. Scribenote, founded in 2019, has automated over 1.5 million medical records in less than a year. This funding round comes after Andreessen Horowitz's involvement in the $6 billion series B funding of xAI, the AI startup founded by Elon Musk.

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