AI compute provider Nscale is looking for $3.5B in pre-IPO financing
British AI compute provider Nscale, founded two years ago, is reportedly raising $3.5B ahead of an expected IPO. It seeks $1.5B in convertible notes from investors and $2B from Nvidia, which also participated in its $1.1B Series B. Nscale recently signed a ~$45B deal with Anthropic and claims ~$103B in projected revenue from signed leases. The company is a major player in the AI infrastructure boom.
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