L

Lambda

Cloud-based GPU services for AI training

Infrastructure & Energy Transaction Counsel

Full-TimeUpdated on 10/23/2026
$229k - $305k/yr+ 2% 401(k) match + Equity compensation
Senior
JD
San Francisco, CA, USA+1 moreMore locations: New York, NY, USA
HybridRequires office presence 4 days per week in San Francisco or New York City; designated work-from-home day is Tuesday.
LegalLegal Counsel & Legal Support

About the job

Requirements
  • At least 6 years of legal experience running complex commercial transactions.
  • Deep infrastructure expertise and a proven track record of managing a heavy workload, prioritizing risk efficiently, and closing multi-hundred-million- and billion-dollar transactions on accelerated schedules.
  • Strong technical and energy market literacy, including understanding data centers, wholesale electricity markets such as ERCOT and PJM, utility interconnections, and emerging AI hardware stacks.
  • A solution-oriented commercial mindset and ability to demonstrate sound, definitive judgment in high-stakes, highly ambiguous situations.
  • Ability to accurately and concisely bridge technical engineering needs with legal protections.
  • A JD from an accredited law school and active bar membership in at least one U.S. state.
Responsibilities
  • Lead commercial negotiation and documentation of development deals, complex site leasing, real estate acquisitions, joint ventures, and real estate and project financing.
  • Structure and manage contracts critical to hyperscale deployments, including corporate Power Purchase Agreements, utility interconnection agreements, behind-the-meter generation frameworks, and storage systems.
  • Draft, review, and negotiate construction contracts, engineering services agreements, and design-build documents for infrastructure handling gigawatts of power.
  • Partner with corporate development, tax, and other teams to support project finance elements, tax incentives, and complex lease arrangements.
  • Align legal risk frameworks with technical engineering, security, business development, and strategic financial models.
  • Direct and manage specialized outside counsel on complex regulatory or regional matters while maintaining in-house strategic judgment.
Desired Qualifications
  • Experience ideally split between an elite AmLaw law firm and an innovative, fast-moving infrastructure or technology company.

About the company

Lambda Labs provides cloud-based GPU services for AI training and inference. Its AI Developer Cloud runs on NVIDIA GH200 Grace Hopper hardware to train large language models and generative AI, offering on-demand and reserved GPUs billed by the hour (for example, $1.99/hour for H100). It differentiates itself through competitive pricing, high availability, and an integrated ML stack with Lambda Stack for easy installation of PyTorch, TensorFlow, CUDA, cuDNN, and NVIDIA drivers, plus Lambda Echelon for owning infrastructure with hosting and support. Its goal is to make scalable AI development and deployment affordable by providing flexible GPU access, reliable hosting, and streamlined software deployment for teams working with large models.

Company Size

501-1,000

Company Stage

Late Stage VC

Total Funding

$9.1B

Headquarters

San Jose, California

Founded

2012

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Simplify's Take

What believers are saying

  • October 1, 2026, Lambda closed $1 billion fixed-rate debt for contracted deployments.
  • August 31, 2026 Reuters reported Anthropic's $35 billion Lambda deal for Texas capacity.
  • May 2026 leadership changes installed Michel Combes and John Donovan for scale execution.

What critics are saying

  • Lambda's growth now depends on Nvidia chip allocation and pricing, tightening margins immediately.
  • October 1 financing secures three deployments; one canceled off-take strains highly levered infrastructure economics.
  • A failed hyperscale customer ramp, especially Anthropic, threatens refinancing and a pre-IPO exit.

What makes Lambda unique

  • Lambda pairs bare-metal GPU clouds with on-prem hardware and software, simplifying full-stack AI deployment.
  • At GTC 2026, Lambda announced early Vera Rubin NVL72 bare-metal instances for H2 2026.
  • Lambda runs production-scale infrastructure, including Quantum-X InfiniBand Photonics on 10,000-GPU GB300 clusters.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • 401(k) Retirement Plan
  • 401(k) Company Match
  • Unlimited Paid Time Off
  • Wellness Program
  • Commuter Benefits

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

2%

2 year growth

0%
Yahoo Finance
Oct 22nd, 2026
Neoclouds explained: GPU providers behind the AI boom face a $3.5T impairment risk

Neoclouds, specialist providers that rent out GPU capacity for AI training and inference, have gone from unknown startups to listed companies with contracts worth billions of dollars. CoreWeave, Nebius and IREN lead the listed group; Lambda, Crusoe and Fluidstack remain private. Their shares fell hard in October 2026. CoreWeave dropped 29%, leaving it valued at about $34 billion against a 2025 peak of about $90 billion; Nebius fell 27% and IREN 32%. CoreWeave's unsecured debt yielded about 15%. On October 14, 2026, Gartner predicted that more than 80% of neocloud providers will stop operating independently by 2030. It also warned that more than $3.5 trillion of AI infrastructure spending could face impairment. Demand remains strong. CoreWeave co-founder Brannin McBee said nearly all of its 2027 capacity is sold.

The Wall Street Journal
Oct 6th, 2026
Exclusive | AI-Computing Startup Lambda Is Raising $4 Billion in Final Round Before Planned IPO

The Nvidia-backed company is targeting an IPO in 2027.

Yahoo Finance
Sep 1st, 2026
Anthropic signs $35B cloud deal with Nvidia-backed Lambda for Texas data centre

Anthropic has signed a $35 billion cloud-computing agreement with Nvidia-backed Lambda, the Wall Street Journal reported. The deal gives Anthropic access to computing capacity from a Texas data centre being developed by Hut 8, a Bitcoin miner turned data centre operator. Nvidia secured capacity at the facility, whilst Lambda will deploy Nvidia chips and provide computing resources to Anthropic. The arrangement's financial terms remain unclear. Anthropic's annualised revenue run rate reportedly reached $65 billion by end-July. The structure highlights Nvidia's expanding role beyond selling AI chips. Anthropic previously agreed to spend $45 billion over six years with another Nvidia-backed provider, Nscale. In April, Amazon announced Anthropic plans to spend over $100 billion on AWS technology over the next decade.

Associated Press
Aug 27th, 2026
Lambda closes $926M term loan B to fund GPU infrastructure for investment-grade customer

Lambda has closed a $926 million senior secured term loan B facility to fund GPU infrastructure for an investment-grade customer. The facility, priced at SOFR + 3.00% and issued at 99.5% of principal, received a Baa2 rating from Moody's. This marks Lambda's first large-scale private cloud GPU asset-backed financing and the first broadly syndicated, investment-grade-rated term loan B by a private neocloud. The facility matures on 31 December 2030 and is secured by the GPU servers and related infrastructure it funds. The closing follows Lambda's $1 billion senior secured credit facility announced in May 2026. Morgan Stanley acted as lead left arranger, bookrunner, and administrative agent, with MUFG serving as joint bookrunner.

The Next Web
Aug 25th, 2026
Lambda is raising up to $3bn before an IPO, months after borrowing $917m for chips

Nvidia-backed Lambda is in talks for up to $3bn in pre-IPO financing at a valuation of $12bn or more, ahead of a listing next year.