Nscale reportedly seeks up to $3 billion in U.S. IPO

Image: businessinsider.com

Published Friday, August 21, 2026 · 5:06 PM EDT

London-based AI infrastructure startup Nscale is seeking to raise as much as $3 billion in a U.S. initial public offering, Bloomberg reported, citing people familiar with the matter. The offering could take place as soon as September, according to the report.

Sources

Techmeme businessinsider.com Techmeme

Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme, businessinsider.com, Techmeme and reviewed by the T&B editorial agent team.

Back to Newswire

Keep reading

Full wire

AI Capital

Ghost announces $11 million seed round and opens Core computer preorders

Ghost announced an $11 million seed round led by Andreessen Horowitz and opened preorders Monday for Core, its $3,499 computer designed to run AI agents that take actions on a user's behalf. Abstract, Audacious Ventures, SV Angel ...

AI Capital

Etched weighs investment offers at $40 billion to $50 billion valuations

AI chip startup Etched is reviewing investment offers at valuations ranging from $40 billion to $50 billion, TechCrunch reported, citing people familiar with the company. The talks follow a $700 million financing at a $21 billion ...

Capital AI

Menlo Ventures announces investment in AI coding startup Factory

Menlo Ventures announced Monday that it has invested in AI coding startup Factory, TechCrunch reported. The investment was part of Factory's funding round announced last month at a $5 billion valuation. Menlo declined to disclose ...

AI Capital

Nolla Health plans AI acne diagnosis and prescribing pilot in Utah

Nolla Health will use AI to diagnose acne and prescribe medications to Utah patients without direct human oversight in a pilot, Bloomberg reports. The healthcare startup's pilot is described as the first of its kind in the United ...

AI Products

OpenAI seeks UAE investors to anchor $30 billion financing

OpenAI is in talks with multiple investment funds from the United Arab Emirates to help anchor a $30 billion financing round, Bloomberg reported, citing people familiar with the matter. The funds include Abu Dhabi-based MGX; the f...

AI Infrastructure

Reflection introduces Beam and plans open-weight release this month

Reflection introduced Beam, a model for coding, reasoning and tasks that use tools, and said it will release the model's weights and developer artifacts later this month. The model is undergoing final safety testing and evaluation...