AI compute provider Nscale is looking for $3.5B in pre-IPO financing
Nscale is trying to add $3.5 billion before a possible IPO later this month.
Bloomberg says the British AI infrastructure company is discussing $1.5 billion in convertible notes and another $2 billion in financing from Nvidia. Nvidia was already in Nscale’s $1.1 billion Series B in March. The piece also notes Nscale’s recent Anthropic deal, valued around $45 billion, and says a $103 billion revenue figure shown to investors is a lease-based projection, not current sales. TechCrunch AI's note
Bloomberg says the British AI infrastructure company is discussing $1.5 billion in convertible notes and another $2 billion in financing from Nvidia. Nvidia was already in Nscale’s $1.1 billion Series B in March. The piece also notes Nscale’s recent Anthropic deal, valued around $45 billion, and says a $103 billion revenue figure shown to investors is a lease-based projection, not current sales. TechCrunch AI's note
score 9