Lambda, an AI cloud infrastructure provider, has completed a secondary share purchase of approximately $6.5 million. Aegis Capital Corp. served as the placement agent for the transaction, which involved the sale of existing shares. The transaction provides liquidity for early investors and employees whilst potentially attracting new institutional investors. Founded in 2012 by machine learning engineers, Lambda operates as "The Superintelligence Cloud" and serves tens of thousands of customers, including AI researchers, enterprises, and hyperscalers. Lambda specialises in delivering high-performance supercomputers for AI training and inference. The company's mission is to make compute as accessible as electricity and provide superintelligence capabilities to everyone. The move comes as AI adoption accelerates across industries and demand for computational power continues to surge.

Lambda, an AI cloud infrastructure provider, has closed a $1 billion senior secured credit facility, nearly quadrupling its original $275 million facility established in August 2025. J.P. Morgan led the oversubscribed arrangement. The multi-tranche facility will fund expansion of Lambda's next-generation NVIDIA AI accelerator servers and data centre capacity. The company operates gigawatt-scale AI factories serving researchers, enterprises and hyperscalers. Founded in 2012, Lambda describes itself as "The Superintelligence Cloud" and serves tens of thousands of customers. CFO Charles Fisher said the financing addresses "unprecedented demand" from AI customers whilst lowering the company's blended cost of capital. Davis Polk & Wardwell represented Lambda, whilst Willkie Farr & Gallagher advised the lenders on the transaction.

Lambda, an AI cloud infrastructure provider, has appointed Michel Combes as CEO and John Donovan as Chairman of the Board, effective May 2026. Co-founder Stephen Balaban will become CTO, whilst co-founder Michael Balaban takes on the Chief Product Officer role. The leadership restructuring follows Lambda's $1.5 billion Series E funding in November 2025. The company has also recently appointed Jerry Hunter as Vice Chairman of Compute Delivery, Charles Fisher as CFO, and David Connolly as CLO. Combes previously served as CEO of Brightspeed, Softbank International, Sprint and Alcatel-Lucent. Donovan held senior positions at AT&T, including CEO of AT&T Communications. The expanded leadership team aims to help Lambda reach 3GW of AI compute under management by 2030, serving frontier labs, enterprises and hyperscalers.