Defense Tech Signals · Capital vs. Contracts Open-source analysis · public data only Data as of Nov 8, 2026 · obligations refresh every other Monday
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Lambda

Recipient: Lambda Labs LLC · UEI G5MKPB2MZGV4

About $670 raised for every $1 obligated. 68% of it came through subawards.

Capital raised
$3.1B
Federal obligations, FY2020–FY2026
$4.7M
Raised per $1 obligated
670×
Latest valuation
$5.9B
Series E, Nov 2025

Obligations by fiscal year

$M

Year-by-year figures are not available for this company yet.

Contract mix

Prime contracts
$1.5M
Other Transactions
$0
Subawards
$3.2M

Notes

Funding
Approximate; Oct 2026 $4B round at $14.5B pre in talks (not used)
Obligations
Government GPU cloud use largely via resellers

Cite this: Defense Tech Signals, "Capital vs. Contracts: Lambda," data as of 2026-11-08, https://data.defensetechsignals.com/c/lambda/.

Coverage: prime contracts, IDVs and grants (USAspending), direct Other Transactions (FPDS) and subawards received, FY2020–FY2026. Not included: consortium OTs, FY 2027 so far, loans and classified work. Capital raised: Compiled from announcements and press (Oct 2026).