Nscale Raises $3.36B in Pre-IPO Convertible Financing
$3.36B. Nscale just raised a pre-IPO convertible round led by Third Point—with NVIDIA, Apollo, and Abu Dhabi on the cap table.
Why it matters
Nscale's massive convertible financing signals institutional conviction in AI infrastructure scaling and positions the company for imminent IPO. The investor mix (sovereign wealth, hedge funds, chip suppliers) reflects how AI compute buildout has become a multi-stakeholder asset class.
The key facts
6 to knowNscale raised $3.36B via convertible loan notes
Lead investor: Third Point
Co-investors: NVIDIA, Apollo funds, Citadel, Hudson Bay Capital, Abu Dhabi Investment Council, 8090 Industries
Instrument: convertible (pre-IPO bridge structure)
Announced September 25, 2026
Nscale positioning: AI infrastructure/scaling (company details sparse in source)
Go to the source
EnterpriseAIhpcwire.com
Publisher excerpt: LONDON, Sept. 25, 2026 — Nscale Limited today announced its $3.36 billion raise via convertible loan notes, led by Third Point. The convertible funding round was also supported by new and existing investors including NVIDIA, funds managed by Apollo, Citadel, Hudson Bay Capital, Abu Dhabi Investment…