Wall Street Journal · Robbie Whelan ·

Nvidia-backed neocloud Lambda is raising up to $4B led by Blackstone and Coatue at a $14.5B pre-money valuation in a final round before its planned IPO

Blackstone and Coatue are leading the round, which values the cloud-computing startup at $14.5 billion pre-money

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Nvidia-backed neocloud Lambda is raising up to $4B led by Blackstone and Coatue at a $14.5B pre-money valuation in a final round before its planned IPO

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Wall Street Journal — Nvidia-backed neocloud Lambda is raising up to $4B led by Blackstone and Coatue at a $14.5B pre-money valuation in a final round before its planned IPO ↗

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Bloomberg: Neocloud Lambda is in talks to raise up to $3B at a $12B+ valuation, and its 2026 revenue is expected to reach $1.5B+; Lambda raised $1.5B+ in 2025

Forbes: Neocloud Fluidstack closed a $1.5B round led by Jane Street at an $18B+ valuation; in July, the startup announced a $750M round at a $7.5B valuation

Business Insider: Hyperbolic, which lets companies rent AI compute across ~30 neoclouds, raised a $30M Series A-1 led by Lip-Bu Tan's Walden Catalyst; it has raised $50M to date

TechCrunch: Neocloud General Compute, which specializes in bare-metal infrastructure, raised a $100M Series A led by Blackbird and Abstract at an $800M post-money valuation

Wall Street Journal: Z.ai says it plans to raise $5B+ via equity and debt to fund its AI investments, including ~$2B through a share placement, after raising $4B in July

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