Former co-founder and CEO of Clover brings deep expertise in scaling mission-critical infrastructure.
Lambda, the Superintelligence Cloud, introduced the appointment of Leonard Speiser as Chief Working Officer (COO). Speiser will lead day-to-day operations and drive the execution of Lambda’s technique to deploy, function, and personal supercomputers utilized by the world’s largest corporations.
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Speiser brings greater than a decade of expertise founding and working complicated, capital-intensive, and mission-critical know-how companies. As a former co-founder and CEO of Clover, he helped scale the corporate into one of many fastest-growing point-of-sale platforms in historical past. Clover now processes over $300 billion in bank card transactions a yr. Earlier in his profession, Speiser held roles at Intuit, eBay, and Yahoo, and labored in know-how company finance and M&A at Credit score Suisse First Boston. He’s a graduate of MIT and has lengthy been an investor and supporter of AI corporations.
“Leonard becoming a member of Lambda is an incredible alternative to work with a fellow founder who has constructed an organization from the bottom up,” mentioned Stephen Balaban, co-founder and CEO of Lambda. “Leonard is a eager and considerate operator who has constructed know-how utilized by hundreds of thousands of individuals. It’s an honor to welcome him to the group.”
Speiser’s appointment comes as Lambda continues to develop its management in AI infrastructure, serving tens of 1000’s of shoppers. The corporate lately introduced a $1.5B+ Collection E fundraise to assist allow Lambda’s growth of superintelligence cloud infrastructure.
“Lambda’s differentiated place as an AI pure-player, mixed with their deep experience and modular datacenter structure, positions them to ship the global-scale compute that has the potential to energy humanity’s AI future,” mentioned Speiser. “I’m excited to assist develop these essential operations.”
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