Latham & Watkins Represents Macquarie in US$500 Million Financing for Lambda

Lambda, the GPU cloud company founded by AI engineers and powered by NVIDIA GPUs, has announced that it has secured a special purpose GPU financing vehicle of up to US$500 million to fund the expansion of its on-demand cloud offering. The financing was led by Macquarie Group with participation from Industrial Development Funding and follows Lambda’s US$320 million Series C funding round in February 2024.

Latham & Watkins LLP represented Macquarie in the financing with a banking team led by partner Paul Bonewitz and counsel Preeta Paragash, with associate Amishi Magdani. Advice was also provided on technology transactions matters by partner Morgan Brubaker; on tax matters by partner Jiyeon Lee-Lim, with associate Kathryn Harrington; and on corporate matters by associate Matt DeSilva.