Nscale seeks $3.5B pre-IPO financing ahead of potential IPO

nscale, a british ai infrastructure company founded two years ago, is seeking $3.5 billion in pre-ipo financing. the company plans to sell $1.5 billion in convertible notes and secure an additional $2 billion in financing from nvidia, which also participated in nscale's series b funding round in march, a $1.1 billion raise. nscale recently signed a large deal with anthropic worth approximately $45 billion and projects $103 billion in revenue based on signed customer leases. this move could signal nscale's growth in the ai sector and potentially lead to an ipo.