Lambda, a startup that sells cloud computing services and computers for training artificial intelligence software, has raised $320 million in a new funding round that valued the company at $1.5 billion.
The financing, set to be announced Thursday, was led by billionaire Thomas Tull’s US Innovative Technology and includes new investors such as B Capital, SK Telecom, and Super Micro Computer Inc., as well as existing investors including Crescent Cove and Bloomberg Beta, the venture-capital arm of Bloomberg LP.
The financing comes at a time when demand has skyrocketed for the powerful chips used to train and run AI software, buoyed by the popularity ...
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