Nscale
PrivateLast Round
Convertible Debt
Aug 31, 2026
Est. Valuation
$14.6B
Total Funding Raised
$8.46B
Momentum
Top 1%
of companies Caplight tracks
Company Overview
Nscale is an AI infrastructure company that develops sustainable, high-performance data centers and provides a full-stack AI cloud platform for training, fine-tuning, and inference.
Sector
AI, Data & Cloud Infrastructure
Verticals
AI Training Infrastructure, Cloud Infrastructure, Computing Hardware
Business Model
B2B
Customer Profile
Services & Consulting, Usage-Based SaaS
AI Layer
Infrastructure
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Nscale Comparables
Compare Nscale with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| CoreWeave | 85% | |
| Fluidstack | 85% | |
| Crusoe Energy Systems | 84% |
Nscale Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Convertible Debt | Aug 31, 2026 | ||||
| Debt | Jul 7, 2026 | ||||
| Debt | May 11, 2026 | ||||
| Series C | Mar 9, 2026 | ||||
| Series C | Jan 9, 2026 | ||||
SAFE | Oct 1, 2025 |
Secondary Market Activity
Bids, offers, and trades by month
| Operation | Date | Price | Size | Share Class | Structure |
|---|---|---|---|---|---|
OFFER | |||||
OFFER | |||||
OFFER |
Key People
Founding team and executive leadership
Nscale Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| KeyBank | Debt |
| Pacific Investment Management Company | Series C |
| T.Capital | SAFE |
| Mitsubishi UFJ Financial Group | Debt |
| Jane Street | Series C |
| Longaeva | Convertible Debt |
| Qube Research & Technologies | Convertible Debt |
Market signals
Structured signals derived from secondary market and firmographic data.
- Oct 3, 2026
Grew 34% QoQ, from 747 to 1,001 employees.
- Sep 2, 2026
Grew 56% QoQ, from 585 to 914 employees.
Recent news
Latest coverage and updates
- hiresOct 6, 2026
Nscale appoints Amy Banse to its Board of Directors in United Kingdom on Oct 6th '26
- has_issues_withOct 5, 2026
Nscale faces a reported grid-power delay threatening its 2027 debut in the United Kingdom
- hiresOct 2, 2026
Nscale appoints Justin Osofsky as Chief Operating Officer in the United Kingdom on Oct 2nd '26
- receives_financingSep 25, 2026
On Sep 25th '26 in United Kingdom, Nscale announced a $3.36B convertible loan note financing led by Third Point and supported by NVIDIA, Apollo-managed funds, Citadel, Hudson Bay Capital, Abu Dhabi Investment Council, and 8090 Industries, with $2.36B closing initially and an additional $1B from NVIDIA expected in mid-November to accelerate its AI cloud infrastructure expansion.
- hiresSep 23, 2026
Nscale appoints Frank Slootman as an Independent Director effective immediately
Nscale Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
Request accessAppears On
Curated lists and screens where this company is featured.
Frequently Asked Questions
Common questions about Nscale's valuation, stock price, and market status.
Is Nscale a public or private company?
Nscale is a private company.
What is the current stock price of Nscale?
Nscale is a private company, so its shares have no public market price. Caplight tracks Nscale's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Nscale worth (valuation)?
Nscale's valuation is estimated at $14.6B based on funding round data.
Can I buy Nscale stock?
Nscale shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Nscale's last funding round?
Nscale's most recent funding round was Convertible Debt on August 31, 2026.
Who are the main investors in Nscale?
Key investors in Nscale include Pacific Investment Management Company, Blue Owl Capital, LuminArx Capital Management, Aker ASA, Sandton Capital Partners.
Will Nscale IPO soon?
No public IPO plans have been announced for Nscale.
How can I track Nscale secondary market activity?
Caplight tracks bids, offers, and trades in Nscale's shares on secondary markets.