Private equity firm Mercato Partners has closed on

 

Private equity firm Mercato Partners has closed on a $400M fund for investing in high-growth technology companies.   One of the companies in its portfolio is Lambda, which specializes in deep learning AI infrastructure. Utah-based Mercato announced Lambda as one of the five key investments in the $400M Traverse Fund IV portfolio. Lambda designs workstations, servers, and laptops for deep learning tasks. The San Franciso-based company says it provides hardware to many in the Fortune 500, including Intel, Microsoft, and Amazon, as well as universities such as MIT, Stanford, and Harvard. Other companies in the Traverse Fund IV portfolio include Atomic, Klover, Paytient, and Prime Trust. Founded in 2007, Mercato has invested in 67 companies since its inception.