Lambda (formerly Lambda Labs) is a cloud GPU provider founded in 2012 by Stephen Balaban in San Jose, California. The company provides GPU computing infrastructure for training and fine-tuning AI models at scale.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
$2.5B
Series D, 02/19/25, Sacra
UpMarket Estimate
$2.9B
Based on UpMarket valuation model
Previous Price
$2.5B
Series D (2025) Feb 2025
How to Invest in Lambda Through UpMarket
Lambda shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available Lambda offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
$1.3B+
UpMarket has brokered over $1.3 billion in alternative investments*
*Includes principal invested and appreciation of investments originated via the UpMarket platform based on historical trade volume and valuation estimates through March 31, 2026. Of the total, approximately $301 million is managed by UpMarket Management, with the remaining originated investments managed by affiliates. Past performance is not predictive of future results.
Triple-digit revenue growth with 150,000+ cloud users
Lambda's GPU cloud has shown triple-digit revenue growth and now serves over 150,000 cloud users, signaling strong product-market fit and scaling demand for AI compute. This accelerating usage base can support operating leverage as capacity is added and longer-term contracts deepen revenue visibility.
Competitive Moat
Strategic NVIDIA partnership and differentiated GPU supply
Lambda has expanded its collaboration with NVIDIA and offers cutting-edge GPUs like B200, H100, GH200, and A100 across on-demand instances and 1-Click multi-node clusters. Integrated Lambda Stack software and no-egress pricing further entrench the platform with power users running large-scale workloads.
Market Opportunity
$2.3B raised to scale AI cloud ahead of potential 2026 IPO
Lambda has raised over $2.3B including a $1.5B Series E to scale GPU cloud and a multibillion-dollar Microsoft supply deal, positioning it to capture secular AI training demand. With IPO expectations around the 2026 timeframe, current entry offers exposure to a potential future public AI compute pure play.
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No. As of March 2026, Lambda is a private company and does not trade on any public stock exchange. Accredited investors can access Lambda shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments. Series D, 02/19/25, Sacra
Lambda does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Series D, 02/19/25, Sacra Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Lambda shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered more than $500M in alternative investments since 2019.
Pre-IPO investments carry significant risks. Lambda shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Lambda provides cloud GPU infrastructure for AI training and inference, with 150,000+ cloud users and $760M in 2025 revenue, supported by triple-digit revenue growth and a $2.9B valuation — accredited investors can access Lambda stock through UpMarket.
