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.
- Nscale raising $3.5B pre-IPO: $1.5B convertible notes plus $2B from Nvidia
- Signed roughly $45B compute deal with Anthropic; ~$103B figure is projected revenue from signed leases
- Series B raised $1.1B led by Aker with Nvidia participation; Series A raised $155M
- IPO could come as early as later this month
- Countries
- United Kingdom
From the original article
1 min read at techcrunch.com
Nscale, which recently struck a $45 billion deal with Anthropic, is in talks to raise additional funds in anticipation of an upcoming IPO.
By Lucas Ropek · techcrunch.com
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