AI development cloud platform Lambda completes $480 million Series D financing

AI development cloud platform unicorn Lambda announced on Wednesday that it had completed a $480 million (about RMB 3.5 billion) Series D financing, bringing its total financing to $863 million (about RMB 6.3 billion) to date. Investors in this round of financing include Nvidia, AI technology expert Andrej Karpathy, and strategic investments from Pegatron, AMD, Wistron, and Wiwynn. Although the latest valuation has not yet been announced, according to foreign media reports, Lambda has confirmed that its valuation has exceeded $2.4 billion (about RMB 17.5 billion).