By Bailey Lipschultz and Ed Ludlow, Bloomberg
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.
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The San Jose-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 come just months after Lambda’s Series D round in February brought in $480 million at a $2.5 billion valuation, according to data provider PitchBook.
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