Neocloud Lambda raises $1 billion in debt to purchase Nvidia chips for leasing
Neocloud Lambda, an AI cloud company that acquires computing chips and leases them out, has secured a $1 billion private loan to buy more of Nvidia’s AI chips. The deal is intended to fund the rapid deployment of these chips, which will be leased primarily to Microsoft, generating revenue quickly enough for repayment. This follows previous financing moves by Lambda in 2026, including a $926 million loan and a secured credit facility totaling $1 billion. Lambda’s latest debt raise is part of broader trends where companies are leveraging significant amounts of capital—$400 billion globally as reported—to fund AI infrastructure. The company is also reportedly seeking a $3 billion pre-IPO round, following its November 2025 venture funding at a valuation of $5.43 billion.
Topics: AI AI chips Fundraising Lambda Microsoft neocloud Nvidia