{"id":125041,"date":"2021-07-16T12:22:47","date_gmt":"2021-07-16T19:22:47","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2021\/07\/lambda-raises-24-5m-for-ai-optimized-hardware-infrastructure"},"modified":"2021-07-16T12:22:47","modified_gmt":"2021-07-16T19:22:47","slug":"lambda-raises-24-5m-for-ai-optimized-hardware-infrastructure","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2021\/07\/lambda-raises-24-5m-for-ai-optimized-hardware-infrastructure","title":{"rendered":"Lambda raises $24.5M for AI-optimized hardware infrastructure"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/lambda-raises-24-5m-for-ai-optimized-hardware-infrastructure.jpg\"><\/a><\/p>\n<p><a href=\"https:\/\/lambdalabs.com\/\">Lambda<\/a>, an AI infrastructure company, this week announced it raised $15 million in a venture funding round from 1517, Gradient Ventures, Razer, Bloomberg Beta, Georges Harik, and others, plus a $9.5 million debt facility. The $24.5 million investment brings the company\u2019s total raised to $28.5 million, following an earlier $4 million seed tranche.<\/p>\n<p>In 2013, San Francisco, California-based Lambda controversially launched a facial recognition API for developers working on apps for <a href=\"https:\/\/venturebeat.com\/2019\/05\/20\/google-glass-enterprise-edition-2-levels-up-with-qualcomms-xr1-and-smith-frames\/\">Google Glass<\/a>, Google\u2019s ill-fated heads-up augmented reality display. The API \u2014 which soon expanded to other platforms \u2014 enabled apps to do things like \u201cremember this face\u201d and \u201cfind your friends in a crowd,\u201d Lambda CEO Stephen Balaban told <a href=\"https:\/\/techcrunch.com\/2013\/05\/23\/lambda-labs-is-launching-a-facial-recognition-api-for-google-glass\/\">TechCrunch<\/a> at the time. The API has been used by thousands of developers and was, at least at one point, seeing over 5 million API calls per month.<\/p>\n<p>Since then, however, Lambda has pivoted to selling hardware systems designed for AI, machine learning, and deep learning applications. Among these are the TensorBook, a laptop with a dedicated GPU, and a workstation product with up to four desktop-class GPUs for AI training. Lambda also offers servers, including one designed to be shared between teams and a server cluster, called Echelon, that Balaban describes as \u201cdatacenter-scale.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lambda, an AI infrastructure company, this week announced it raised $15 million in a venture funding round from 1517, Gradient Ventures, Razer, Bloomberg Beta, Georges Harik, and others, plus a $9.5 million debt facility. The $24.5 million investment brings the company\u2019s total raised to $28.5 million, following an earlier $4 million seed tranche. In 2013, [\u2026]<\/p>\n","protected":false},"author":396,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1498,6],"tags":[],"class_list":["post-125041","post","type-post","status-publish","format-standard","hentry","category-augmented-reality","category-robotics-ai"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/125041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/396"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=125041"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/125041\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=125041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=125041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=125041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}