AI compute provider Nscale is looking for $3.5B in pre-IPO financing

AI compute provider Nscale is seeking $3.5 billion in pre-IPO financing. The company previously raised $1.1 billion in a Series B funding round in March, led by investment firm Aker with participation from Nvidia. Nscale's Series B round was hailed as "the largest Series B funding round in European history." Additionally, the company secured $155 million in its Series A funding round in December 2024.