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
What is Nscale worth?
$14.6BPrivateMarketView mark · Oct 2026

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

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Valuation timeline

0 priced rounds · 32 daily marks since · Sep 2026 – Oct 2026
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Nscale funding history

1 rounds
DateRoundRaisedPost-money
Sep 2025Later Stage VC (Series B)$1.1B▮
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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).

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).

How Nscale's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Nscale, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by its last priced round. Question about this number? Full methodology →

Frequently asked about Nscale

What is Nscale worth?
Nscale is valued at $14.6B as of Oct 2026. Valued at $14.6B at its later-stage round, Mar 2026. Nothing has traded since.
How much has Nscale raised?
Nscale has raised $4.7B in total funding across 1 recorded rounds.
When did Nscale last raise?
Nscale last raised in Sep 2025 (Later Stage VC (Series B)), raising $1.1B.