Tech article
Neocloud Lambda secures $1B in debt to buy more chips
Publisher description: Neocloud Lambda has raised $1B in private debt to buy Nvidia AI chips and lease them to Microsoft. It's the latest in a string of loans, underscoring the high cost of the AI boom.
TechCrunch | Aug 28, 2026 | Rebecca Bellan
Automated excerpt
Lambda, an AI cloud company that buys computing chips and rents them out to businesses, has raised $1 billion in private, short-dated debt to buy Nvidia’s AI chips that it will lease to Microsoft, Bloomberg reports. The $1 billion private debt deal comes as Lambda is reportedly in talks for a $3 billion pre-IPO round. The company last November raised $1. 5 billion in venture capital at a $5. 43 billion post-money valuation, per PitchBook data.
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