AI Infrastructure Firm Lambda Seeks IPO In An 'Unfriendly Environment'
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AI infrastructure company Lambda is planning an IPO in the second half of this year, despite concerns about the market environment. A report from Forge Global highlights investor worries regarding cloud providers' debt and data center delays. Lambda recently appointed Charles Fisher as CFO and Leonard Speiser as COO to support its growth strategy. The company raised $350 million in pre-IPO financing and has a valuation of $5.9 billion after a $1.5 billion Series E round. Lambda serves a diverse customer base, including AI researchers and enterprises.
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