AI compute provider Nscale is looking for $3.5B in pre-IPO financing
Nscale, which recently struck a $45 billion deal with Anthropic, is in talks to raise additional funds in anticipation of an upcoming IPO.
British AI infrastructure company Nscale, established just two years ago, is reportedly in discussions to raise an additional $3.5 billion in pre-IPO financing ahead of its potential IPO later this month, according to Bloomberg. The company is set to sell $1.5 billion in convertible notes to investors and is also seeking $2 billion in financing from Nvidia, which also took part in the firm's March Series B funding round led by investment fund Aker, which Nscale described as "the largest Series B in European history."
This funding move comes as part of a broader trend of AI infrastructure startups experiencing significant growth due to the current surge in AI enthusiasm, where compute has become a valuable currency. Nscale recently signed a substantial deal with Anthropic worth around $45 billion. Earlier this week, it was reported that Nscale had been disclosing to potential investors a projected revenue of approximately $103 billion following the deal, though this figure represents a projection based on signed customer leases rather than actual sales, as confirmed by The Information.
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