Sep 25, 2026LATEST SOURCED
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Nscale announces $3.36B convertible financing
Investors undisclosed
Amount$3.4BValuationUndisclosed
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COMPANY PROFILE
Nscale
Tracked in the Captables newsroom
Historical ranking valuationUndisclosedNo reviewed valuation record
Disclosed primary funding in this record
Not establishedSum of non-overlapping disclosed USD amounts in confirmed primary financing entries in this record, including separately labeled equity components; not verified lifetime funding. Excludes amounts already included in a later round, announced, reported, database-only, debt, secondary and unclassified events.
0 confirmed primary rounds with disclosed USD amounts · Record through 2026-11-01THE BUSINESS
Get to know Nscale.
A customer can use Nscale's managed cloud to run model training or inference, the process of using a trained model to produce an answer. The platform offers dedicated inference, customizable software environments, managed Kubernetes and Slurm systems, and enterprise identity controls. Nscale also supplies dedicated GPU infrastructure. That means an AI developer can buy computing capacity and operating tools from one provider rather than separately assembling servers, networking, storage and orchestration software.
Business context from our coverage From coverage published Sep 4, 2026Valuation history
Valuations reported at the time of each round.
No dated financing valuation has passed into this record.
Funding history
Funding rounds, debt and other financing events.
2sourced events · record as of 2026-11-01
Headline association; not a reviewed issuer link. Unlinked article observations are not independently reconciled financing events. This is covered public-source history, not an exhaustive issuer ledger.
Sep 4, 202601
rumor
Nscale seeks $3.5B before a potential IPO
Investors undisclosed
Amount$3.5BValuationUndisclosed
Financing participants
Investors, lenders and other parties named in funding announcements.
No named participant has been added to this company’s public financing record.
Ownership evidence
Opening ownership research…
Captables coverage
Deals / Captables
Nscale announces $3.36B convertible financing for AI cloud expansion
Nscale sells AI computing through a stack that combines cloud software, GPU clusters, data centers and power. Its announced $3.36 billion convertible financing comprises two tranches and will turn into shares at a planned IPO.
Captables Newsroom · 35d agoMoney / Captables
Nscale’s $44.6B Anthropic contracts still need financing
Nscale supplies dedicated GPU infrastructure and AI software to model developers. Its IPO filing shows that Anthropic contracts worth up to $44.6 billion still depend on financing for the required equipment and data-center infrastructure.
Captables Newsroom · 40d agoMoney / Captables
Nscale reportedly seeks up to $3.5B before a potential IPO
The AI cloud provider is reportedly discussing new financing as it builds data centers, installs GPU systems and sells computing capacity to AI developers.
Captables Newsroom · 57d agoStartups / Captables
Figure brings Nscale into its robot business with a $3.5B compute commitment
Figure builds humanoid robots and the AI that controls their movements. Its new Nscale partnership supports that training effort, pairing a multiyear compute commitment with a separately disclosed investment of unspecified size.
Captables Newsroom · 57d ago