IPO Newsroom(@IPONewsroom_):NSCALE RAISES $3.36B AHEAD OF NYSE IPO Nvidia-backed AI cloud provider Nscale raised $3.36B through convertible notes led by Third Point. The round includes $2.36B at closing plus a separate $1B commitment from Nvidia, expected to fund in mid-November. The notes will automatically convert into equity when Nscale completes its IPO, with Nvidia receiving non-voting shares. Nscale says it now has more than $103B in total contracted value across its AI infrastructure platform, which spans power, liquid-cooled data centers and large-scale GPU clusters.

2026.09.25 13:19

NSCALE RAISES $3.36B AHEAD OF NYSE IPO Nvidia-backed AI cloud provider Nscale raised $3.36B through convertible notes led by Third Point. The round includes $2.36B at closing plus a separate $1B commitment from Nvidia, expected to fund in mid-November. The notes will automatically convert into equity when Nscale completes its IPO, with Nvidia receiving non-voting shares. Nscale says it now has more than $103B in total contracted value across its AI infrastructure platform, which spans power, liquid-cooled data centers and large-scale GPU clusters.