SiliconANGLE
AI data center builder Nscale raises $3.36B ahead of IPO
AI data center builder Nscale raises $3.36B ahead of IPO - SiliconANGLE
Via SiliconANGLE
·Excerpt
AI data center builder Nscale raises $3.36B ahead of IPO
Nscale Ltd. today announced that it has secured $3.36 billion in funding to support its data center construction push.
The capital will arrive in two tranches. Nscale expects to receive $2.26 billion in the near future from a consortium that includes Third Point, Apollo, Citadel and more than a dozen other institutional investors. Nvidia Corp. will provide the remaining $1 billion in mid-November.
“This marks a milestone for Nscale as…
Courtesy
This story was originally published by SiliconANGLE. All rights belong to the original publisher.
Read the original on siliconangle.com ↗