Close-up of the modern data center and cabinets. | Image Credits:Comezora \/ Getty Images <\/p>\n
AI data center provider Lambda announced Tuesday it raised $1.5 billion in a round led by TWG Global, a relatively new $40 billion investment firm<\/a> formed by billionaires Thomas Tull, the former owner of Legendary Entertainment, and Guggenheim Partners founder and CEO Mark Walter.<\/p>\n TWG holds a variety of the billionaires\u2019 assets, including Walter\u2019s stakes in the Los Angeles Lakers and the new Cadillac F1 racing team. The firm also has a $15 billion fund to invest in AI anchored by Abu Dhabi\u2019s Mubadala Capital.<\/a> TWG previously invested in a partnership with Elon Musk\u2019s xAI and Palantir to sell AI agents to enterprises.<\/a><\/p>\n Now it\u2019s backing Lambda, which operates a number of U.S. AI data centers.\u00a0Lambda is a CoreWeave competitor, although it also sells its \u201cAI factories\u201d to hyperscaler clouds. Earlier this month, Lambda announced a multibillion-dollar deal<\/a> to supply Microsoft with AI infrastructure using tens of thousands of Nvidia GPUs. (Nvidia is an investor in Lambda as well<\/a>.)<\/p>\n Remember that Microsoft had a similar deal with CoreWeave and had bought about $1 billion worth of services<\/a> from the company in 2024, its largest customer last year by a mile. Then OpenAI swooped in and signed a $12 billion deal with CoreWeave in March.<\/a><\/p>\n Meanwhile, deal watchers have been talking for months about Lambda looking to raise hundreds of millions of dollars at a valuation north of $4 billion<\/a>. There was also talk of an IPO<\/a>. Prior to this, Lambda raised a $480 million Series D in February, with an estimated valuation of $2.5 billion, according to PitchBook.<\/p>\n Lambda\u2019s $1.5 billion raise far outstrips those earlier whispers of what it was seeking. Whether its valuation also soared, we can\u2019t confirm and Lambda declined to comment on that.<\/p>\n","protected":false},"excerpt":{"rendered":"Close-up of the modern data center and cabinets. | Image Credits:Comezora \/ Getty Images AI data center provider…\n","protected":false},"author":2,"featured_media":187850,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[291,289,290,5527,18,105319,19,17,19208,33349,64020,82,69375,105320],"class_list":{"0":"post-187849","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-data-center","12":"tag-eire","13":"tag-guggenheim-partners","14":"tag-ie","15":"tag-ireland","16":"tag-lambda","17":"tag-legendary-entertainment","18":"tag-los-angeles-lakers","19":"tag-technology","20":"tag-thomas-tull","21":"tag-twg-global"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115572938053970550","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/187849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=187849"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/187849\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/187850"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=187849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=187849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=187849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}