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Nscale, a British AI infrastructure company founded just two years ago, has said<\/a> it may go public as early as later this month. Ahead of that expected IPO, the company is reportedly in talks to raise an additional $3.5 billion.<\/p>\n Bloomberg reported<\/a> Friday that the company is looking to sell $1.5 billion in convertible notes \u2014 a type of loan that can later convert into company stock \u2014 to a group of investors, while also seeking an additional $2 billion in financing from Nvidia.<\/p>\n Nvidia also participated<\/a> in the firm\u2019s Series B funding round<\/a> in March, a $1.1 billion raise led by investment fund Aker. Nscale hailed its round as \u201cthe largest Series B in European history.\u201d The company\u2019s Series A round, in December of 2024, raised $155 million<\/a>.<\/p>\n TechCrunch reached out to Nscale and Nvidia for comment. <\/p>\n AI infrastructure startups have seen immense growth amid the current era of AI enthusiasm, wherein compute has become a competitive currency.<\/p>\n Nscale recently signed a large deal<\/a> with Anthropic worth approximately $45 billion. Earlier this week, reports emerged that Nscale had been telling potential investors that it has approximately $103 billion in revenue following the deal. That figure isn\u2019t current sales; it\u2019s a projection based on signed customer leases, according to The Information<\/a>.<\/p>\n<\/div>\n