Andra Capital and SGW led a $480m Series D round in Lambda.

Andra Capital, a fund focused on growth-stage alternative investments, and SGW, the family office of Scott Hassan, led a $480m Series D round in Lambda, an AI developer cloud platform, with participation from Andrej Karpathy, ARK Invest, Fincadia Advisors, G Squared, In-Q-Tel, KHK & Partners, NVIDIA, Pegatron, Supermicro, Wistron, and Wiwynn, 1517, Crescent Cove, and USIT. “AI is fundamentally restructuring our economy. Lambda is investing billions of dollars to build the software platform and infrastructure powering AI. We build software tools that delight the AI Developer, and a platform that truly puts AI into the hands of the many. This investment will accelerate the expansion of the Lambda Cloud platform, Lambda Model Inference API, and Lambda Chat AI Assistant,” Stephen Balaban, Lambda CEO and co-founder.