Nscale Seeks $3.5 Billion in Pre-IPO Financing
British AI infrastructure company Nscale is reportedly seeking an additional $3.5 billion in pre-IPO financing, with plans to go public as early as later this month. The firm aims to raise $1.5 billion through convertible notes and has approached Nvidia for a further $2 billion investment. This follows its recent Series B funding round of $1.1 billion led by Aker in March 2026. Nscale, which raised $155 million in its December 2024 Series A round, recently secured a major contract with Anthropic valued at around $45 billion. The company has informed potential investors that it projects approximately $103 billion in revenue based on signed customer leases, though this is not current sales. The AI infrastructure sector continues to attract significant investment as compute resources become increasingly critical for AI development and deployment.
Tickers: $NVDA