On February 15, 2024, Lambda, Inc. closed the transaction. The company has received $320 million in a round of funding led by new investor US Innovative Technology Capital Management, LLC. The transaction included participation from 38 investors including new investors B Capital Group Management, L.P., SK Telecom Co., Ltd., funds and accounts advised by T. Rowe Price Group, Inc. returning investors Gradient Ventures, 1517 Fund, Bloomberg Beta L.P., Mercato Partners, LLC, Crescent Cove Advisors, LP, among others.

The transaction was raised at a post-money valuation of over $1,500 million. The company has received $319,999,978 pursuant to exemption provided under Regulation D.