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Nscale

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Nscale adds former OpenAI exec Fidji Simo to its board ahead of potential IPO

AI data center startup Nscale appointed former OpenAI executive Fidji Simo to its board ahead of a planned fall IPO and reported $3.5 billion raise.

Nscale, a UK-based AI data center startup founded two years ago, appointed Fidji Simo to its board. Simo was formerly CEO of AGI Deployment at OpenAI (the lab's No. 2 executive), and previously served as Instacart CEO through its 2023 IPO and as head of the Facebook app at Meta. She joins Sheryl Sandberg, Susan Decker, and Nick Clegg on the board as the company prepares for an anticipated IPO this fall. Nscale is reportedly attempting to raise up to $3.5 billion ahead of the IPO, according to Bloomberg.

TechCrunch · AI · 4d agoAI industry

AI compute provider Nscale is looking for $3.5B in pre-IPO financing

British AI compute provider Nscale seeks $3.5B pre-IPO via $1.5B convertible notes and $2B from Nvidia ahead of a possible September IPO.

Nscale, a British AI infrastructure company founded about two years ago, is reportedly in talks to raise $3.5 billion ahead of an IPO that could come as early as late September 2026: $1.5 billion in convertible notes plus $2 billion in financing from Nvidia. Nvidia previously joined Nscale's $1.1 billion Series B in March, led by Aker and billed as the largest Series B in European history, following a $155 million Series A in December 2024. Nscale recently signed an approximately $45 billion deal with Anthropic and has told investors it has roughly $103 billion in projected revenue based on signed customer leases.

TechCrunch · AI · 11d agoAI industry

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vendor Nscale 2organization Bloomberg 2organization Instacart 1organization Meta 1organization Nvidia 1organization OpenAI 1organization Shopify 1organization TechCrunch 1vendor Instacart 1vendor Meta 1vendor Nvidia 1vendor OpenAI 1organization Aker 1vendor Shopify 1organization Anthropic 1
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