London-based AI infrastructure startup Nscale files for a US IPO, reports H1 2026 revenue up 1,252% YoY to $140.6M, with a net loss of $1.02B, up from $368.9M (Jordan Novet/CNBC)

Nscale, a London-based AI infrastructure startup, has filed for a US initial public offering. The company's revenue surged 1,252% year-over-year to $140.6 million in the first half of 2026, according to its IPO filing.

The company reported a net loss of $1.02 billion, up from $368.9 million in the same period last year, when revenue was $10.4 million, as per Investing.com. Nscale's cloud platform provides infrastructure, including compute, power and data centers, as well as software for training and running AI models.

Nscale was founded in 2024 and operates in 14 regions with a power pipeline of more than 10 gigawatts. Goldman Sachs, J.P. Morgan and Morgan Stanley are lead bookrunners for the IPO, which is expected to list on the NYSE under the symbol NSCL.

Brief written by urgent.news from Techmeme, Investing.com, Channel News Asia, CNA - Business — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.