Lambda Labs
AI Training Hardware
- Valuation
- ~$5.9B(Nov 2025, reported)
- Total Funding
- $320M+
- Profit Status
- Approaching profitability; hardware + cloud revenue
- Employees
- ~300
About Lambda Labs
Lambda Labs is an AI cloud computing company providing on-demand and reserved GPU instances for AI training and inference. Its Lambda Cloud offers H100, A100, and H200 clusters with competitive pricing specifically targeting AI/ML workloads. Lambda also sells Lambda Workstations and Lambda Blade servers for on-premise GPU computing. It is a preferred GPU cloud for AI researchers, startups, and enterprises who need flexible access to NVIDIA accelerators without long-term commitments.
Company History
Founded 2012 by Stephen Balaban and Elon Li. Initially built computer vision APIs. Pivoted to GPU workstation sales (Lambda GPU Workstation, 2017) targeting deep learning researchers. Launched Lambda Cloud in 2021 during the GPU shortage. Series C $320M (2023) to expand data center capacity. Grew to multi-hundred million ARR serving AI startups and enterprises. Competes with CoreWeave, RunPod, and Vast.ai on price for NVIDIA H100 clusters.
Company Timeline
5 milestones- 2012Founded; computer vision API work
- 2017Lambda GPU Workstation launched for deep learning researchers
- 2021Lambda Cloud launched during GPU shortage
- 2023Series C $320M; expanded H100 cluster capacity
- 2025H200 instances available; Lambda Chat playground; multi-$100M ARR
Products & Services
5- Lambda Cloud (GPU cloud)
- Lambda Workstations
- Lambda Blade Servers
- Lambda Chat (LLM playground)
- Lambda On-Demand Clusters
People & ecosystem
Key People
- Michel Combes (CEO)
- Stephen Balaban (Co-founder, CTO)
- Michael Balaban (Co-founder, CPO)
Key Investors
- SGW Investments
- Gradient Ventures (Google)
- Mercato Partners
Competitive Landscape
- CoreWeave
- RunPod
- Vast.ai
- Modal
- AWS
- Google Cloud