Nscale seeks ~$3.5B pre-IPO financing (Nvidia + Third Point convertibles)

· opgehaald 07:56

Bloomberg/TC: London AI-cloud Nscale in talks for ~$1.5B convertibles (Third Point) plus ~$2B Nvidia financing ahead of a possible NY listing. Briefing investors on ~$103B contracted backlog after a ~$45B Anthropic compute deal.

On 4 Sep 2026 TechCrunch relayed Bloomberg that Nscale (UK AI infrastructure, founded ~2024) is in talks to raise about $3.5B ahead of a possible New York IPO: up to $1.5B in convertible notes (Third Point reportedly leading) and ~$2B in financing from Nvidia. Nscale and Nvidia did not immediately comment to TC. The company recently signed a reported ~$45B Anthropic compute deal and has been telling investors contracted backlog is around $103B (lease projections, not current revenue). Earlier: Series B ~$1.1B in March (Aker-led, Nvidia participated), hailed as Europe’s largest Series B; IPO banks previously reported as Goldman/JPMorgan.