Nscale Raises $3.36 Billion in Pre-IPO Round Led by Third Point

Nscale raises $3.4B pre-IPO led by Third Point.

Other participants in the round include NVIDIA, Apollo, Citadel, Hudson Bay Capital, Abu Dhabi Investment Council, 8090 Industries, Davidson Kempner Capital Management, Qube Research & Technologies, Context Capital Management, Longaeva Partners, Wellington Management, Castleknight, Ghisallo Capital Management, LionTree Investment Fund, Javelin Venture Partners, and Irving Investors. Goldman Sachs served as placement agent and is a lead bookrunner on the upcoming IPO alongside J.P. Morgan and Morgan Stanley.

Nscale develops full-stack AI cloud infrastructure. The company is led by CEO Josh Payne.

Company	Nscale
Round	pre-IPO
Amount	$3.4B
Lead Investor	Third Point
Sectors	AI cloud