Nscale Seeks $3.5 Billion Pre-IPO Financing from Nvidia and Third Point

Nscale, a London-based AI cloud firm, is seeking up to $3.5 billion in pre-IPO financing from Nvidia and Third Point, Bloomberg News reported.

The company has contracts totaling roughly $103 billion, with most of the increase coming from a $45 billion deal with Anthropic that Microsoft and Google both passed on.

Nscale is briefing investors that it could produce annual revenue of about $18.1 billion and adjusted earnings of around $13.6 billion, though these figures are described as illustrative rather than formal guidance.