Lambda raises $480M in funding to expand AI Cloud platform – ET CIO SEA
Author: ETCIO.com | Source: ETCIO.com | Read the full article
Lambda, a company focused on artificial intelligence, has successfully raised $480 million in its latest funding round. This significant investment will help the company enhance its AI Cloud platform, which includes tools for developers to create and manage AI applications. With this new funding, Lambda aims to improve its services, including the Lambda Model Inference API and the Lambda Chat AI Assistant, making it easier for users to access and utilize AI technologies.
The funding round was co-led by Andra Capital and SGW, with participation from several notable investors, including NVIDIA and ARK Invest. Lambda's CEO, Stephen Balaban, emphasized the importance of this investment in building a robust infrastructure that supports AI development. The company has already made strides in providing secure cloud services and has introduced innovative features like on-demand GPU clusters for training AI models.
As Lambda continues to grow, it is positioning itself as a key player in the AI industry, providing essential tools and infrastructure for developers. The company’s commitment to enhancing its platform reflects the increasing demand for AI solutions across various sectors, paving the way for future innovations in technology.
