Nscale seeks about $3.5 billion pre-IPO funding, source says

TL;DR

Nscale seeks about $3.5 billion pre-IPO funding, source says Nscale seeks $3.5 billion in financing ahead of planned IPO - Bloomberg Bloomberg reported Friday that the company is looking to sell $1.5 billion in convertible notes — a type of loan that can later convert into company stock — to a group of investors, while also seeking an additional $2 billion in financing from Nvidia. Nvidia also participated in the firm’s Series B funding round in March, a $1.1 billion raise led by investment fund Aker. Nscale hailed its round as “the largest Series B in European history.” The company’s Series A round, in December of 2024, raised $155 million.