Nscale, a British AI infrastructure company established two years ago, is reportedly preparing for a potential initial public offering (IPO) as early as later this month. In anticipation of the IPO, the company is in discussions to raise an additional $3.5 billion in financing. According to Bloomberg, Nscale is seeking to sell $1.5 billion in convertible notes to a group of investors and is also pursuing $2 billion in financing from Nvidia 1.
The company’s recent financial activities include a $1.1 billion Series B funding round in March, led by investment fund Aker and participated in by Nvidia, which Nscale touted as “the largest Series B in European history.” Prior to this, Nscale raised $155 million in a Series A round in December 2024. Additionally, Nscale recently secured a significant deal with Anthropic valued at approximately $45 billion, with the company reportedly informing potential investors of a projected $103 billion in revenue based on signed customer leases 1.