U.S. Markets
Nvidia (NVDA)-backed cloud-computing company Lambda is raising up to USD 4bln at a pre-money valuation of USD 14.5bln in a final round of fundraising before the company's planned IPO, according to WSJ citing sources
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Lambda is reported to be raising up to USD 4bln before a planned IPO; a letter cited in the report puts its backlog at USD 50bln in September, up from USD 15bln in June.
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Lambda's backlog -- or total orders that have yet to be filled or shipped -- grew from USD 15bln in June to USD 50bln in September of this year, according to the letter.
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