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Nscale

Software Development Applications · London, United Kingdom · Founded 2018 · In IPO Registration

Developer of artificial-intelligence infrastructure intended to support organizations running large computing workloads. Nscale is based in London, United Kingdom and was founded in 2018. It was valued at $14.6 billion at its later-stage round in Mar 2026, the last priced event on record. It has raised $4.7 billion across 1 recorded round; the latest was a $1.1 billion Series B in Sep 2025.

PMV mark · valuation
$14.6B
Oct 2026
Priced at
its later-stage round
Mar 2026
Total raised
$4.7B
Last round
Later Stage VC (Series B)
Sep 2025

Nscale key facts

as of Oct 2026
  • Developer of artificial-intelligence infrastructure intended to support organizations running large computing workloads.
  • Nscale is valued at approximately $14.6B as of Oct 2026, set at its later-stage round, Mar 2026; nothing has traded since, per PrivateMarketView’s mark.
  • It has raised $4.7B across 1 recorded rounds; the latest was Later Stage VC (Series B) ($1.1B) in Sep 2025.
  • Notable investors include Fidelity Management & Research Company, Nvidia, Point72 Ventures, VentureSouq, G Squared — 22 tracked in total.
  • 2 investment vehicles were formed to buy Nscale shares in the last 12 months, reporting $125.9M sold to 33 investors, per SEC Form D filings.
  • Status: In IPO Registration.
PrivateMarketView mark
MEDIUM confidence
$14.6B

Valued at $14.6B at its later-stage round, Mar 2026. Nothing has traded since.

set by its last priced roundas of Oct 2026question about this number?
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Nscale funding rounds

1 rounds
Sep 2025Later Stage VC (Series B)$1.1B▮
Full funding history →

Vehicles formed to buy Nscale shares

secondary demand · SEC Form D filings

In the last 12 months, 2 investment vehicles were formed to buy Nscale shares, reporting $125.9M sold to 33 investors across 2 sponsors. Most recent filing May 2026.

The vehicle list — each sponsor, filing date, amount sold and investor count — is a Pro table. Unlock the 2 vehicles →

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Companies with the most vehicle activity →

Nscale valuation

Nscale was valued at $14.6 billion at its later-stage round in Mar 2026. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has Nscale raised?

Nscale has raised $4.7 billion in total; 1 of its rounds is on record. The largest on record was a $1.1 billion Series B in Sep 2025.

Institutional holders and vehicles

In the last 12 months, 2 investment vehicles were formed to buy Nscale shares, reporting $126 million sold to 33 investors across 2 sponsors, per SEC Form D filings (most recent May 2026).

Nscale investors

22 investors are on record for Nscale, including Fidelity Management & Research Company, Nvidia, Point72 Ventures and VentureSouq. By type, the record holds 4 venture capital firms and 2 hedge funds. The Series B in Sep 2025 drew 11 investors.

Comparable companies

Comparable software development applications names by valuation on PrivateMarketView: Poolside (Software Development Applications) ($14 billion), Mistral AI ($13.7 billion) and Lovable ($13.3 billion).

About Nscale

Developer of artificial-intelligence infrastructure intended to support organizations running large computing workloads. The company offers cloud computing, private artificial intelligence (AI) clusters, training platforms, inference services, and data-centre infrastructure, thereby helping organizations access the computing capacity required for artificial intelligence and high-performance workloads.

Industry
Software Development Applications
Sector
Information Technology
HQ
London, United Kingdom
Founded
2018
Employees
354
Ownership
In IPO Registration

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