Lambda Eyes Funding at Over $4 Billion Valuation (Correct)

Lambda Inc., a cloud infrastructure firm which counts Nvidia Corp. among its backers, is in talks with investors about a funding round that could value the company at $4 billion to $5 billion ahead of a potential initial public offering, according to people familiar with the matter.

The California-based company could go public as soon as the end of the year, and has had preliminary discussions with bankers to potentially lead the IPO, the people said.

The funding round is likely to be in the hundreds of millions of dollars, one of the people said.

The new financing would ...