AI compute provider Nscale is looking for $3.5B in pre-IPO financing

Nscale, a British AI infrastructure company founded two years ago, is reportedly in talks to raise $3.5 billion ahead of a potential IPO as early as this month. According to Bloomberg, the company plans to sell $1.5 billion in convertible notes to investors and secure an additional $2 billion in financing from Nvidia, which previously participated in its $1.1 billion Series B round. Nscale recently signed a major deal with Anthropic worth approximately $45 billion and has projected around $103 billion in revenue based on customer leases. This move highlights the significant growth and investor interest in AI infrastructure startups amid the current AI boom.

(Source：TechCrunch)