.jpg)
Lambda, a leading provider of AI cloud infrastructure, has appointed Leonard Speiser, former co-founder and CEO of point-of-sale platform Clover, as its Chief Operating Officer. Speiser will oversee day-to-day operations and drive the strategic execution of Lambda's mission to deploy and operate the supercomputers powering advanced artificial intelligence for major global enterprises.
AI cloud firm Lambda appoints former Clover CEO Leonard Speiser as Chief Operating Officer.
Speiser brings deep experience scaling complex, capital-intensive technology infrastructure.
Under his leadership, Clover grew to process over $300 billion in transactions annually.
He will lead operations for Lambda's "Superintelligence Cloud" and its modular datacenter strategy.
The appointment follows Lambda's recent $1.5B+ Series E fundraising round.
Speiser's background includes roles at Intuit, eBay, Yahoo, and technology M&A at Credit Suisse.
Speiser's appointment is a strategic move to strengthen Lambda's operational capabilities as it scales its high-performance computing infrastructure. With over a decade of experience founding and scaling mission-critical technology businesses, his expertise is expected to be crucial in managing the complex, capital-intensive operations of building and running supercomputers dedicated to AI training and inference.
Lambda CEO and co-founder Stephen Balaban highlighted the value of Speiser's founder-led operational experience. "Leonard joining Lambda is an amazing opportunity to work with a fellow founder who has built a company from the ground up. Leonard is a keen and thoughtful operator who has built technology used by millions of people."
The COO role comes at a pivotal time for Lambda, following the announcement of a $1.5 billion-plus Series E fundraising round aimed at developing its superintelligence cloud infrastructure. Speiser will be responsible for translating this capital into scaled, global operations that meet the explosive demand for AI compute.
In his statement, Speiser emphasized Lambda's unique positioning. "Lambda's differentiated position as an AI pure-player, combined with their deep expertise and modular datacenter architecture, positions them to deliver the global-scale compute that has the potential to power humanity's AI future. I'm excited to help grow these critical operations."
This leadership addition signals Lambda's focus on maturing its operational discipline and execution as it competes in the high-stakes market for AI infrastructure. By bringing in an executive with a proven track record of scaling a massive, transaction-heavy platform like Clover, Lambda aims to solidify its foundation for the next phase of growth, supporting its mission to make powerful AI compute as accessible and ubiquitous as electricity.
About Lambda
Lambda, The Superintelligence Cloud, is a leader in AI cloud infrastructure.
Founded in 2012 by machine learning engineers published at NeurIPS and SPIE, Lambda builds supercomputers for AI training and inference.
Our customers range from AI researchers to enterprises and hyperscalers.
Lambda's mission is to make compute as ubiquitous as electricity and give everyone the power of superintelligence. One person, one GPU.
TechIntelPro empowers B2B technology decision-makers with the latest industry trends, deep insights, leadership perspectives and actionable intelligence to drive both organizational and professional milestones—and thrive on the tech pulse.