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
Usage-Based SaaS, Services & Consulting
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 |
|---|---|---|
| Fluidstack | 88% | |
| CoreWeave | 86% | |
| Crusoe Energy Systems | 85% |
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 |
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.
- Sep 2, 2026
Grew 56% QoQ, from 585 to 914 employees.
- Aug 31, 2026
$3.0B debt round completed.
Recent news
Latest coverage and updates
- receives_financingSep 25, 2026
Nscale received financing of $3.36B in convertible financing on Sep 25th '26.
- hiresSep 23, 2026
Nscale will hire Adam as Chief Legal Officer on Oct 1st '26.
- hiresSep 23, 2026
Nscale hired Frank as Independent Director on Sep 23rd '26.
- hiresSep 23, 2026
Nscale hired Frank Slootman as Independent Director on Sep 23rd '26.
- hiresSep 23, 2026
Nscale will hire Adam Rosman as Chief Legal Officer on Oct 1st '26.
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 with no public stock price. No recent secondary market data is available.
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. Visit https://www.caplight.com to learn more.
When was Nscale's last funding round?
Nscale's most recent funding round was Debt on March 9, 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 for private companies. Visit https://www.caplight.com to monitor Nscale's secondary market activity and sign up for updates.