{"id":"858aa4cc-3b67-4481-a21a-d891dc1facd8","name":"Lambda","slug":"lambda","description":"Lambda (legally Lambda, Inc., previously Lambda Labs) is a San Francisco GPU cloud founded in 2012 by brothers Stephen and Michael Balaban. The company began as a boutique deep-learning workstation and server builder for research labs and pivoted, roughly around 2018 to 2020, into a pure Nvidia-only public cloud that rents H100, H200, B200, B300, GB300 NVL72 and the newer Vera Rubin NVL72 rack systems by the hour, by reservation, or under multi-year committed contracts. Where CoreWeave courts hyperscalers and Nebius pitches a full Europe-hosted stack, Lambda has taken the middle of the neocloud market: on-demand access starting at a single GPU for developers alongside contracted supercomputer builds for named enterprise and lab customers, all on Nvidia silicon.\n\nIts most-cited public number in 2026 is capital, not gigawatts. In August 2026 Lambda priced and closed a $926 million senior secured term loan B, rated Baa2 by Moody's and led by Morgan Stanley with MUFG, Citizens, Credit Agricole and Wells Fargo, describing it as the first investment-grade-rated TLB ever issued by a private neocloud. It is a GPU-asset-backed SPV structure secured by the servers themselves and by a multi-year contract with an unnamed investment-grade offtaker, and it follows a $1 billion senior secured credit facility Lambda closed in May 2026. That debt stack is the tell for how Lambda now grows: contracted customer, matching term-loan, deploy Nvidia gear, amortize over the useful life of the chips.\n\nThe executive bench built around that model is unusually telecom-flavored for a GPU cloud. The Balaban brothers moved to CTO (Stephen) and CPO (Michael), and Michel Combes, formerly CEO of Sprint and Altice, runs the company; Jerry Hunter (ex-Snap SVP Engineering) is Vice Chairman for Compute Delivery, Dave Ward is president of product and engineering, and Charles Fisher is CFO. Lambda has not published a company-wide GPU count, MW figure, or datacenter list, and does not disclose reserved-instance pricing publicly, so any specific inventory number for Lambda in 2026 is a trade-press estimate, not a company figure.","status":"private","founded":0,"hq":"San Francisco, California, USA","hqLat":37.7879363,"hqLng":-122.4075201,"hqGeocodedAt":"2026-08-23T21:26:29.189Z","hqAddress":null,"hqPrecision":null,"website":"https://lambda.io","fundingTotal":null,"type":"infrastructure","roles":["data_center_operator"],"reviewStatus":"reviewed","heatIndex":58,"lifecycleState":"active","supersededByCompanyId":null,"sources":[{"url":"https://lambda.ai/about","title":"About Lambda","publisher":"Lambda"},{"url":"https://lambda.ai/leadership","title":"Lambda Leadership","publisher":"Lambda"},{"url":"https://lambda.ai/service/gpu-cloud","title":"Lambda GPU Cloud on-demand pricing","publisher":"Lambda"},{"url":"https://lambda.ai/","title":"Lambda: GPU cloud product line (HGX B200, B300, GB300 NVL72, Vera Rubin NVL72, H100)","publisher":"Lambda"},{"url":"https://lambda.ai/blog/lambda-closes-926-million-senior-secured-term-loan-b-facility","date":"2026-08-27","title":"Lambda closes $926 million senior secured term loan B facility","publisher":"Lambda"},{"url":"https://lambda.ai/blog","title":"Lambda blog index (Aug 12 pricing and Aug 27 close of the $926M TLB)","publisher":"Lambda"},{"url":"https://lambda.ai/blog/lambda-announces-multibillion-dollar-agreement-with-microsoft-to-deploy-ai-infrastructure-powered-by-tens-of-thousands-of-nvidia-gpus","title":"Lambda + Microsoft multi-billion AI infrastructure deal","sourceName":"Lambda","publishedAt":"2025-11-03"},{"url":"https://sacra.com/c/lambda-labs/","title":"Lambda Labs revenue, valuation & funding","sourceName":"Sacra","publishedAt":"2026-01-01"}],"keyFacts":[{"label":"Headquarters","value":"San Francisco, California, USA"},{"label":"Status","value":"private"},{"label":"Type","value":"brain"},{"label":"Founded","value":"2012 in San Francisco by brothers Stephen and Michael Balaban","sourceUrl":"https://lambda.ai/about"},{"label":"CEO","value":"Michel Combes, formerly CEO of Sprint and Altice","sourceUrl":"https://lambda.ai/leadership"},{"label":"Silicon partner","value":"Nvidia-only fleet: A100, H100, H200/GH200, B200, B300 HGX, GB300 NVL72, and Vera Rubin NVL72 rack systems announced for the product line","sourceUrl":"https://lambda.ai/"},{"label":"Announced hourly on-demand pricing","value":"H100 SXM 8x GPU $3.99/hr per GPU; B200 SXM6 8x GPU $6.69/hr per GPU; A100 SXM 80GB 8x $2.79/hr; GH200 $2.29/hr; A100 40GB $1.99/hr","sourceUrl":"https://lambda.ai/service/gpu-cloud"},{"label":"August 2026 term loan B","value":"$926M senior secured TLB, Moody's Baa2, SOFR + 3.00%, matures Dec 31 2030; billed as the first investment-grade-rated TLB by a private neocloud; Morgan Stanley lead, MUFG joint bookrunner, Citizens/Credit Agricole/Wells Fargo documentation agents","sourceUrl":"https://lambda.ai/blog/lambda-closes-926-million-senior-secured-term-loan-b-facility"},{"label":"May 2026 credit facility","value":"$1B senior secured credit facility closed May 2026, cited as the predecessor financing to the August 2026 TLB","sourceUrl":"https://lambda.ai/blog/lambda-closes-926-million-senior-secured-term-loan-b-facility"},{"label":"Financing structure","value":"GPU-asset-backed SPV secured by the GPU servers and the cash flows from a multi-year committed contract with an undisclosed investment-grade offtaker; fully amortizing over the useful life of the GPUs","sourceUrl":"https://lambda.ai/blog/lambda-closes-926-million-senior-secured-term-loan-b-facility"},{"label":"Positioning","value":"Nvidia-only public GPU cloud serving both single-GPU on-demand developers and multi-year enterprise supercomputer builds; not multi-vendor (no AMD/Cerebras/Gaudi), not hyperscaler-captive","sourceUrl":"https://lambda.ai/"},{"label":"Executive team","value":"Stephen Balaban (CTO, co-founder), Michael Balaban (CPO, co-founder), Michel Combes (CEO), Charles Fisher (CFO), Leonard Speiser (COO), Steve Stewart (Chief Infrastructure Officer), Dave Ward (President, Product and Engineering), Jerry Hunter (Vice Chairman, Compute Delivery), Robert Brooks IV (CCO), Paul Zhao (GM Public Cloud)","sourceUrl":"https://lambda.ai/leadership"},{"label":"Undisclosed","value":"Lambda has not published a company-wide GPU count, total MW capacity, datacenter list, employee count, or reserved-instance pricing; any specific 2026 inventory number is a third-party estimate, not a company figure","sourceUrl":"https://lambda.ai/"},{"label":"Power capacity (planned)","value":"3,000 MW target by 2030"},{"label":"GPU fleet (announced)","value":">1,000,000 target by 2030"},{"label":"Primary accelerator","value":"NVIDIA H100 / B200 / GB300 NVL72"}],"aliases":[],"collisionRisk":"low","reviewNote":null,"atsProvider":null,"atsSlug":null,"factoryLocations":null,"manufacturingCapacity":null,"orgType":null,"burnSignal":null,"litigationEvents":null,"insurancePostureDisclosed":null,"unitEconomicsDisclosed":null,"tickerSymbol":null,"stockExchange":null,"secCik":null,"revenueUsd":null,"revenueBasis":null,"revenueAsOf":null,"employeeCount":null,"employeeCountBasis":null,"employeeCountAsOf":null,"marketCapUsd":null,"marketCapAsOf":null,"marketCapSource":null,"createdAt":"2026-08-19T03:55:17.351Z","updatedAt":"2026-08-30T15:12:13.283Z","jsonLd":{"@context":"https://schema.org","@type":"Organization","@id":"https://registry.deploy.report/companies/lambda","url":"https://registry.deploy.report/companies/lambda","name":"Lambda","description":"Lambda (legally Lambda, Inc., previously Lambda Labs) is a San Francisco GPU cloud founded in 2012 by brothers Stephen and Michael Balaban. The company began as a boutique deep-learning workstation and server builder for research labs and pivoted, roughly around 2018 to 2020, into a pure Nvidia-only public cloud that rents H100, H200, B200, B300, GB300 NVL72 and the newer Vera Rubin NVL72 rack systems by the hour, by reservation, or under multi-year committed contracts. Where CoreWeave courts hyperscalers and Nebius pitches a full Europe-hosted stack, Lambda has taken the middle of the neocloud market: on-demand access starting at a single GPU for developers alongside contracted supercomputer builds for named enterprise and lab customers, all on Nvidia silicon.\n\nIts most-cited public number in 2026 is capital, not gigawatts. In August 2026 Lambda priced and closed a $926 million senior secured term loan B, rated Baa2 by Moody's and led by Morgan Stanley with MUFG, Citizens, Credit Agricole and Wells Fargo, describing it as the first investment-grade-rated TLB ever issued by a private neocloud. It is a GPU-asset-backed SPV structure secured by the servers themselves and by a multi-year contract with an unnamed investment-grade offtaker, and it follows a $1 billion senior secured credit facility Lambda closed in May 2026. That debt stack is the tell for how Lambda now grows: contracted customer, matching term-loan, deploy Nvidia gear, amortize over the useful life of the chips.\n\nThe executive bench built around that model is unusually telecom-flavored for a GPU cloud. The Balaban brothers moved to CTO (Stephen) and CPO (Michael), and Michel Combes, formerly CEO of Sprint and Altice, runs the company; Jerry Hunter (ex-Snap SVP Engineering) is Vice Chairman for Compute Delivery, Dave Ward is president of product and engineering, and Charles Fisher is CFO. Lambda has not published a company-wide GPU count, MW figure, or datacenter list, and does not disclose reserved-instance pricing publicly, so any specific inventory number for Lambda in 2026 is a trade-press estimate, not a company figure.","identifier":"858aa4cc-3b67-4481-a21a-d891dc1facd8","address":"San Francisco, California, USA","publisher":{"@id":"https://deploy.report/#organization"}},"framework_metadata":{"framework_schema_version":"0.1.0","verification_status":"verified","maturity_stage":null,"lifecycle_state":null,"architectural_position":{"cohort":null,"sub_cohorts":[]},"within_cohort_verified_vs_claimed_pair":null,"cap_flags":[],"verification_depth":{"sources_count":8,"primary_source_types":[]}}}