Silicon Valley GPU Cloud Lambda's Final Pre-IPO Round: Orders Surge to $50 Billion in Three Months, 70% from Anthropic—Is It Reliable? Backlog orders jumped from $15 billion to $50 billion in three months, with the extra $35 billion coming from a single Anthropic deal. The
Lambda's $50B backlog hinges on Anthropic
Lambda says backlog orders tripled to $50B in three months before its IPO, with roughly 70% tied to one Anthropic deal; analysts question delivery capacity, concentration risk, and revenue quality.