How to Buy Lambda Labs Stock in 2025

Google, Meta, Microsoft, and Amazon have been pouring tens of billions of dollars into building out their AI infrastructure.

And they're just getting started.

Each of these companies plans to invest at least $65 billion in capital expenditures in 2025, much of which is going to support AI workloads.

But what if you're not one of the biggest tech companies in the world? What if you don't have billions of dollars to spend on infrastructure but still want to develop high-performing AI and machine learning (ML) applications?

That's where Lambda Labs comes in.

Lambda Labs offers cloud-based, on-demand access to NVIDIA's GPU instances and clusters, enabling AI developers from any organization to quickly, easily, and affordably access the best computing hardware available.

It also sells pre-configured workstations, desktops, and data center solutions for AI and ML developers so they can focus on coding, not their hardware.

And it's working.

Lambda's hardware and cloud businesses serve more than 5,000 customers across a variety of industries. The company has grown revenue by nearly 10x since 2018.

Investors are also taking notice. The company was valued at $1.5 billion in February 2024 and is rumored to be raising another $600 million at a $2 billion valuation.

Here's how you can invest in it, too.

Can you buy Lambda Labs stock?

Lambda Labs is a private company, which means there is no Lambda Labs stock symbol, it doesn't trade on a public exchange, and there's no way to buy it in a regular brokerage account.

However, its shares do trade on Hiive — a platform where accredited investors can buy shares of pre-IPO companies.

Accreditation requirements

To qualify as an accredited investor, you must meet one of the following criteria:

• Have an annual income of $200,000 individually or $300,000 jointly.
• Have a net worth that exceeds $1,000,000, excluding your main residence.
• Be a qualifying financial professional.

There are over 2,000 private companies with shares available on Hiive, including 10 orders of Lambda Labs:

Each of these orders is created by a unique seller who may be an employee, a venture capital firm, an angel investor, or any other existing shareholder.

Sellers then set their own asking prices and quantity of shares available. From there, buyers can accept a seller's asking price as listed or place bids on shares.

If you're not ready to buy but want to keep tabs on how certain companies are trading, you can also add companies to your watchlist and receive notifications of any new listings or successful transactions.

You can create an account on Hiive and see all available orders of Lambda Labs with the button below:

Register for Hiive

Can retail investors buy Lambda Labs?

Since Lambda Labs is still a private company and Hiive is only available to accredited investors, there's no way for retail investors to buy shares in the company directly at this time.

However, retail investors can get exposure to Lambda Labs through the ARK Venture Fund.

The ARK Venture Fund invests in technology companies that have the potential to disrupt and reshape industries.

Although it can invest in private and public companies, almost 80% of the fund is invested in private companies, including 9 of the top 10 holdings. Its 3rd largest position (behind only SpaceX and Anthropic) is Lambda Labs:

The fund is open to all investors and has an annual expense ratio of 2.90%.

Accredited investors can invest in the fund via the ARK website while retail investors can invest via SoFi.

Alternatively, if you aren't interested in investing in the ARK Venture Fund and you're bullish on AI computing, you may consider investing in one of Lambda's publicly traded competitors.

• NVIDIA (NVDA) is the leader in GPU design for AI and machine learning tasks. It's also Lambda's primary supplier of GPUs. Lambda provides cloud-based, on-demand GPU clusters and instances using NVIDIA's hardware.
• Super Micro Computer (SMCI) sells enterprise-level server solutions, including GPU-optimized servers designed for AI and machine learning applications. Like Lambda Labs, Super Micro focuses on delivering high-performance, scalable solutions for workstations and data centers.
• Advanced Micro Devices (AMD) produces high-performance processors and GPUs, which are used in AI applications similar to Lambda Labs' offerings. While AMD's focus on hardware makes it more of a competitor to NVIDIA than Lambda, its GPUs also support deep learning workloads, an alternative to Lambda's desktop products.
• Dell Technologies (DELL) also offers a variety of computing solutions, including workstations and servers equipped with GPUs for AI and machine learning.
  

You could also make a general investment in the semiconductor industry by buying an ETF like SOXX, SMH, or CHPS.

Who founded Lambda Labs?

Lambda Labs was founded in 2012 by brothers Stephen — the CEO — and Michael — the head of engineering — Balaban.

At the time, Stephen was working as a software engineer at Perceptio. Perceptio created neural networks for facial recognition that ran locally on the GPUs embedded in iPhones. Apple later acquired the company.

Their idea was simple: take the same model but, instead of running it on local GPUs, offer it on a cloud. That way, customers would be able to run machine learning workloads from anywhere, without having to buy their own hardware.

Today, Lambda serves over 5,000 customers, has raised nearly $400 million from investors, and is valued at $1.5 billion.

How much is Lambda Labs worth?

Lambda Labs most recently raised $320 million at a $1.5 billion valuation in its Series C back in February 2024.

The round was led by the U.S. Innovative Technology Fund and included participation from B Capital, SK Telecom, T. Rowe Price, Crescent Cove, Mercato Partners, 1517 Fund, Bloomberg Beta, and Gradient Ventures, among others.

Its Series C was the first round with a publicly disclosed valuation and brought its total funding to $392.5 million.

Lambda previously raised a $44 million Series B in March 2023, a $24.5 million Series A in July 2021, and a $4 million seed round in December 2017.

Here's a look at how its valuation has changed over time (estimates mine):

As of November 2024, Lambda Labs was reportedly in talks to raise an additional $600 million at a $2 billion (pre-money) valuation.