Nscale
PrivateLast Round
Convertible Debt
Aug 31, 2026
Est. Valuation
$30B
Total Funding Raised
$8.03B
Momentum
Top 1%
of companies Caplight tracks
Company Overview
Nscale operates in AI, Data & Cloud Infrastructure and is based in London. Its latest recorded funding round was a Convertible Debt round in August 2026.
Nscale is an AI infrastructure company that develops sustainable, high-performance data centers and provides a full-stack AI cloud platform for training, fine-tuning, and inference.
Sector
AI, Data & Cloud Infrastructure
Verticals
AI Training Infrastructure, Cloud Infrastructure, Computing Hardware
Business Model
B2B
Customer Profile
Usage-Based SaaS, Services & Consulting
AI Layer
Infrastructure
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Nscale Comparables
Compare Nscale with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| CoreWeave | 86% | |
| Crusoe | 86% | |
| Fluidstack | 84% |
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Nscale Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Convertible Debt | Aug 31, 2026 | ||||
| Debt | Jul 7, 2026 | ||||
| Debt | May 11, 2026 | ||||
| Series C | Mar 9, 2026 | ||||
| Series C | Jan 9, 2026 | ||||
Series B | Sep 25, 2025 |
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Key People
Founding team and executive leadership
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Nscale Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| KeyBank | Debt |
| Pacific Investment Management Company | Series C |
| Mitsubishi UFJ Financial Group | Debt |
| Jane Street | Series C |
| Longaeva | Convertible Debt |
| Qube Research & Technologies | Convertible Debt |
| Astra Capital Management | Series C |
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Market signals
Structured signals derived from secondary market and firmographic data.
- Nov 12, 2026
Reported $307.5M revenue for nine months ended Sept 30, 2026.
- Nov 7, 2026
Microsoft canceled a UK data center lease due to grid access delays.
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Recent news
Latest coverage and updates
- has_lossNov 13, 2026
Nscale reports a preliminary net loss of $1.69B for the nine months ended Sept. 30, 2026, in its amended IPO filing.
- has_revenueNov 13, 2026
Nscale files an amended IPO registration statement in United Kingdom on Nov 12th '26, reporting $308M in preliminary revenue for the nine months ended Sep 30th '26.
- has_revenue_increased_byNov 12, 2026
Nscale reports a 1,252% year-over-year revenue increase in H1 2026 and expects revenue to increase 1,344% in the first nine months of 2026, in the United Kingdom on Nov 12th '26.
- has_issues_withNov 7, 2026
Nscale faces delays in grid access in the United Kingdom, prompting Microsoft to withdraw from a planned data center lease in Oct '26.
- expands_facilitiesNov 4, 2026
Nscale plans to build an AI data center in Korea.
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Nscale Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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Appears On
Curated lists and screens where this company is featured.
Frequently Asked Questions
Common questions about Nscale's valuation, stock price, and market status.
Is Nscale a public or private company?
Nscale is a private company.
What is the current stock price of Nscale?
Nscale is a private company, so its shares have no public market price. Caplight tracks Nscale's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Nscale worth (valuation)?
Nscale's valuation is estimated at $30.0B based on funding round data.
Can I buy Nscale stock?
Nscale shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Nscale's last funding round?
Nscale's most recent funding round was Convertible Debt on August 31, 2026.
Who are the main investors in Nscale?
Key investors in Nscale include Pacific Investment Management Company, Blue Owl Capital, LuminArx Capital Management, Aker ASA, Sandton Capital Partners.
Will Nscale IPO soon?
No public IPO plans have been announced for Nscale.
How can I track Nscale secondary market activity?
Caplight tracks bids, offers, and trades in Nscale's shares on secondary markets.