Lambda is raising up to $3bn before an IPO, months after borrowing $917m for chips

Lambda is in talks to raise up to $3bn in pre-IPO financing at a valuation of $12bn or more, according to Bloomberg, as the Nvidia-backed cloud provider prepares for a listing expected next year.

Source: [TNW](https://thenextweb.com/news/lambda-3bn-pre-ipo-round)