Lambda aggressively expanding its on-demand cloud offering via 1-Click Clusters

Weekly Edition & Stock Spotlight

July 29, 2024

Hill Chart Shape

ApeVue50 Index & Sectors YTD Performance

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Most Active Names Performance

Data as of July 22, 2024

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* Price (USD) estimated based on secondary market activity observed by ApeVue. Valuation is estimated based on said price and share count from state filings and/or news in the public domain. Note that share count in calculations may change as new filing documents are obtained.

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ApeVue50 Privates versus Public Benchmarks/ETFs

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Public v. Private (12mo)

The ApeVue50 tracks the performance of the 50 most active private names observed in the secondary market. It is an equal-weighted index, rebalanced on a monthly basis.

This rebalancing of constituents over time gives way for more active names to participate in what we observe as "market performance," and in a more appropriate manner than static selections and weightings criteria.

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Stock Spotlight - Lambda Labs
Sectors

AI Cloud & Infra Hardware

Headquarters
San Jose, CA, USA
CEO
Stephen Balaban

Lambda Labs, founded by Michael and Stephen Balaban in 2012, provides advanced GPU infrastructure for AI developers and researchers, offering both cloud-based and on-premises solutions. Their products include scalable GPU cloud instances, custom-built workstations, and servers. Lambda Stack, their software suite, integrates essential tools for building, training, and deploying AI models.

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BUSINESS MODEL

Originally focused on facial recognition software, Lambda now offers a broad range of AI and machine learning solutions. According to G2 Stack, Lambda uses 24 technology products, including HTML5, jQuery, and Google Analytics. BuiltWith reports 82 technologies on their website, including Domain Not Resolving, SPF, and Google Analytics.

Lambda’s strengths include scalability, cost-effectiveness, ease of use, and security, making them a preferred partner for enhancing AI capabilities. Their tailored solutions provide a competitive edge in the growing AI market.

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Possible effects

Workstations, servers, and cloud services power engineers and researchers at the forefront of human knowledge.

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What Comes Next?

By emphasizing scalability, ethical AI practices, and user-friendly solutions, Lambda will keep delivering essential infrastructure and tools to the expanding AI community.

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Who will benefit?

The Fortune 500, AI developers and researchers, enterprises, educational institutions, startups and small businesses, government and non-profit organizations.

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LAMBDA GROWTH TIMELINE

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VC INVESTORS

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LAMBDA AND COMPETITION

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H100 GPU Units delivered (thousands)

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The GPU cloud services market is highly competitive, featuring major providers such as Amazon Web Services, Google Cloud, and Azure, along with emerging companies like Lambda Labs and Together AI. Each offers distinct advantages and targets specific segments of the AI and machine learning industry.

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PARTNERS

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Prominent News

Lambda Raises $320M in Series C Funding to Expand Its AI Cloud Business and Scale GPU Infrastructure, February 15, 2024 - Lambda raises $320M in Series C at $1.5B valuation to expand its AI cloud business, including Lambda’s popular on-demand and reserved cloud offerings.  Click here to read more.‍
Lambda Launches World’s Most Powerful Ubuntu Linux Laptop for Deep Learning,  April 16, 2022 - Lambda teamed up with Razer to build a Linux-powered laptop for deep learning. Ubuntu Linux laptop is powered by an Intel i7-11800 Octo-Core processor featuring up to 4.6GHz clock speeds and an NVIDIA GeForce RTX 3080 Max-Q graphics card with 16GB VRAM. Click here to read more.
‍Lambda Labs readying Google Glass face-recognition API, May 23, 2013 - A San Francisco startup, Lambda Labs, is developing a facial recognition API for Google Glass, despite privacy concerns raised by Congress. The API would allow users to recognize and remember faces in crowds, potentially aiding in networking and object recognition. Click here to read more.‍

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Financial Data

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Revenue

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Return on Investment (ROI)

ROI computed as of July 22, 2024.

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Series F-1 Valuation

<span class="date">2024-02-06</span>
<span class="value">$1.5B</span>

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Implied Valuation

<span class="date">2024-07-22</span>
<span class="value">$2.21B</span>

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Change Since Last Round

<span class="date">2024-02-06 → 2024-07-22</span>

<span class="value green">+47.57%</span>

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Funding Round in USD

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Monthly Bid:Ask Volume Ratio

ApeVue highlights the monthly bid:ask volume ratio where there was at least three institutionally-sized broker contributions within that period. ApeVue did not observe activity for Lambda before April of 2024 .

On May of 2024, all of Lambda's broker contributions was on the bid-side however the total bid and ask volume was significantly lower than April, June and July of 2024.

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90D Activity

Activity at each date is the total unique broker contributions within the last 90 days of that date. Lambda' secondary market activity is trending upward reaching 36 unique contributions on July 20, 2024 and stands at 34 as of July 22, 2024.

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Lambda Labs Private Comparables in the Cloud & Infrastructure Sector

ApeVue highlights 3 active private companies that develop chips within the Cloud & Infrastructure sector as of July 22, 2024.

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Change in ApeVue Valuation Since Last Funding Round

ApeVue uses composite prices based on the institutional-sized contributions within the last 90 days to compute implied valuations. ApeVue's current implied valuation reported below is computed as of July 22, 2024 and compared to each company's latest funding round valuation:

  • Groq's current implied valuation is $2.02B, a 79% increase from its Series C valuation at $1.13B in April of 2021. Groq's implied valuation was $1.06B on December 31, 2023.
  • Lambda's current implied valuation is $2.21B, a 48% increase from its Series C valuation of $1.5B in February of 2024. Lambda's implied valuation was $229.1M on December 31, 2023.
  • Coreweave's current implied valuation is $21B, a 11% increase from its recently raised Series C valuation of $19B in May of 2024. Coreweave's implied valuation was $7.31B on December 31, 2023.

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Activity

The plot below displays the 90-day activity based on institutional-level ($1M+) broker contributions as of July 22, 2024. Lambda shows the highest activity with 34 contributions, closely followed by Groq with 32 contributions. Coreweave's activity stands at 19.

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Change in Composite Price

The plot below illustrates the change in composite price from June 23, 2024, to July 22, 2024.

CoreWeave had the highest increase at 13%, while Groq experienced the most significant decrease at 28%.

Lambda's composite price increased by 8% from $20.96 to $22.59.

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