Nscale
PrivateLast Round
Convertible Debt
Aug 31, 2026
Est. Valuation
$30B
Total Funding Raised
$8.03B
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 | 86% | |
| Crusoe | 86% | |
| Fluidstack | 84% |
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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 | ||||
Series B | Sep 25, 2025 |
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Secondary Market Activity
Bids, offers, and trades by month
| Operation | Date | Price | Size | Share Class | Structure |
|---|---|---|---|---|---|
OFFER | |||||
OFFER | |||||
OFFER |
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Key People
Founding team and executive leadership
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Nscale Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| KeyBank | Debt |
| Pacific Investment Management Company | Series C |
| Mitsubishi UFJ Financial Group | Debt |
| Jane Street | Series C |
| Longaeva | Convertible Debt |
| Qube Research & Technologies | Convertible Debt |
| Astra Capital Management | Series C |
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Market signals
Structured signals derived from secondary market and firmographic data.
- Nov 7, 2026
Microsoft withdrew from a planned data center lease with Nscale in the UK. The cancellation was attributed to delays in grid access.
- Oct 29, 2026
Completed IPO at a $30B valuation.
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Recent news
Latest coverage and updates
- has_issues_withNov 7, 2026
Nscale faces delays in grid access in the United Kingdom, prompting Microsoft to withdraw from a planned data center lease in Oct '26.
- expands_facilitiesNov 4, 2026
Nscale plans to build an AI data center in Korea.
- invests_into_assetsNov 2, 2026
Nscale acquires the 2,250-acre site for the Monarch campus in West Virginia in Mar '26, making it the company's largest project.
- expands_facilitiesOct 31, 2026
Nscale expands its facilities in West Virginia by establishing the Monarch AI campus, a 2,250-acre computing site with 1.35 gigawatts of AI capacity and a microgrid scalable to more than 8 gigawatts, on Mar 18th '26.
- launchesOct 22, 2026
Nscale, Schneider Electric, AVEVA and Start Campus launch an AI-powered digital twin pilot at the 1.2 GW SIN01 data center at Portugal’s SINES Data Campus on Oct 22nd '26, integrating real-time power, cooling and AI-workload data into a predictive view.
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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.
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Appears 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 $30.0B 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.