Nscale Secures $3.36B Ahead of Record-Breaking IPO Push

Nscale has secured $3.36 billion in funding ahead of its planned IPO on the New York Stock Exchange.

The round was led by Third Point and included investors such as Nvidia, which contributed $1 billion to the total.

This brings Nscale's total contracted value to $103 billion, with a power pipeline of over 10 gigawatts. The company plans to use the new funding to scale its cloud platform, which includes data centers, behind-the-meter power generation, and large-scale GPU clusters.

'This marks a milestone for Nscale as we continue scaling our full-stack AI infrastructure to meet unprecedented global demand,' said CEO Josh Payne.