Lambda Announces Peter Seibold as Chief Financial Officer
25 Abril 2024 - 8:00AM
Business Wire
Thirty-year capital markets veteran will serve
as GPU cloud company’s first CFO
Lambda, the GPU cloud company founded by AI engineers, today
announced the appointment of Peter Seibold as Chief Financial
Officer (CFO). Seibold will oversee Lambda’s financial, strategy
and business systems functions and serve as a member of senior
executive leadership as the company builds a leading GPU cloud for
AI, powered by NVIDIA GPUs.
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Peter Seibold, Chief Financial Officer
(Photo: Business Wire)
“Building the best GPU cloud for AI means having a world class
finance organization to lead the formation of capital to deploy
tens of thousands of NVIDIA GPUs,” said Stephen Balaban, CEO and
cofounder of Lambda. “Peter’s depth of experience in the global
capital markets will be a valuable asset and I look forward to
working with him as we expand our cloud.”
Seibold’s career spans over three decades of executive
leadership experience across both private and public companies.
Most recently, he served as CFO at SparkCognition, where he was
responsible for the execution of the company's financial strategy,
in addition to overseeing the finance, accounting, human resources,
and operations functions. Prior to his time as an operator, Peter
spent 30 years as an investment banker, he was a Managing Director
at M. Klein and Company and previously held positions at Evercore
and Goldman Sachs.
“Lambda is uniquely positioned and is at the center of a
transformative AI-driven technology renaissance that will catapult
humanity upwards. As the surge in AI model training and inference
drives GPU demand, we have a tremendous opportunity to be the
leader in this market segment,” said Seibold. “I’m excited to work
with a world class leadership team to help execute our mission, and
build a strong business by focusing on what AI developers
need.”
Seibold’s appointment comes on the heels of Lambda securing a
$500M special purpose GPU financing vehicle and its Series C
funding round, in which the company raised $320 million and
achieved a valuation of $1.5 billion. Additionally, Lambda recently
surpassed over 10,000 customers who use its technology to build
state of the art AI software.
About Lambda
Lambda was founded in 2012 by AI engineers with published
research at the top machine learning conferences in the world. Our
goal is to become the #1 AI compute platform serving developers
across the entire AI development lifecycle. We enable AI engineers
to easily, securely and affordably build, test and deploy AI
products at scale. Our product portfolio spans from on-prem GPU
hardware to hosted GPUs in the cloud. Lambda’s mission is to create
a world where access to computation is as effortless and ubiquitous
as electricity.
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