Nvidia-Backed Lambda in Talks for $3B Pre-IPO Round at $12B+ Valuation as 2026 Revenue Nears $1.5B

Nvidia-backed neocloud Lambda is in talks to raise up to $3B at a $12B+ valuation, per Bloomberg, roughly doubling the ~$6B Series E mark from November 2025 and jumping ahead of its ~$9B Forge-implied secondary price in June. Sources say 2026 revenue is on track to top $1.5B, positioning the AI cloud provider for a public debut later this year or in early 2027.