Lambda builds GPU-powered cloud and AI infrastructure—including on-demand instances, clusters, supercomputers, and hardware—for researchers, enterprises, frontier labs, and hyperscalers training and deploying AI models.

Founders

• Stephen Balaban · co-founder and chief technology officer
  He earned a double major in economics and computer science from the University of Michigan, then worked as a software engineer at Perceptio, whose facial-recognition neural-network company Apple acquired in 2013.
• Michael Balaban · co-founder and chief product officer
  He earned a double major in discrete mathematics and computer science from the University of Michigan, then worked as a software engineer on Nextdoor's infrastructure team, where he helped scale its news feed from 300,000 to 100 million users.

Total raised

over $1.5B · as its sources put it, more than the rounds on record

Customers

SPREEAI, Kodiak, Pika, Iambic Therapeutics, fal, Meshy, Genesis Therapeutics, Amazon Research, Tencent, Kaiser Permanente, MIT, Stanford, Harvard, Caltech, Department of Defense, Anyscale, Rakuten, The AI Institute, Apple, Los Alamos National Laboratory, Anthem