AI cloud firm Nscale seeking $3.5B in pre-IPO financing from Nvidia and Third Point
Nscale is in talks to raise up to $3.5B ahead of a US listing, including $1.5B of convertible notes led by Third Point and about $2B from Nvidia. It is briefing investors that its contracts total roughly $103B, most of the increase coming from a $45B Anthropic deal that Microsoft and Google both passed on.
Nscale is in talks to raise as much as $3.5B before its stock market debut, Bloomberg News reported on Thursday, citing people familiar with the matter. The London company was founded two years ago and now sits at the centre of Europe’s AI infrastructure build-out.
It is seeking up to $1.5B in convertible notes, with Daniel Loeb’s Third Point set to lead. About $2B more would come from Nvidia, and Goldman Sachs is working on the raise.
Nscale is briefing investors that its contracts total roughly $103B. Four weeks ago that book was reported at...
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