Private Market View

Nscale

Software Development Applications · London, United Kingdom · Founded 2018 · In IPO Registration

Last price · $/share
—
Implied valuation
$14.6B
Total raised
$4.7B
Last round
Later Stage VC (Series B)
Sep 2025

Key facts

  • Nscale’s last known valuation is $14.6B (Mar 2026).
  • It has raised $4.7B across 1 recorded rounds; the latest was Later Stage VC (Series B) ($1.1B) in Sep 2025.
  • Notable investors include Fidelity Management & Research Company, Nvidia, Point72 Ventures, VentureSouq, G Squared — 22 tracked in total.
  • 2 investment vehicles were formed to buy Nscale shares in the last 12 months, reporting $125.9M sold to 33 investors, per SEC Form D filings.
  • Status: In IPO Registration.
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  • ·Post-money valuations for all 1 rounds
  • ·The complete investor list — 22 names
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Funding rounds

1 rounds
Sep 2025Later Stage VC (Series B)$1.1B▮
Full funding history →

Secondary demand: investment vehicles

from SEC Form D filings

In the last 12 months, 2 investment vehicles were formed to buy Nscale shares, reporting $125.9M sold to 33 investors across 2 sponsors. Most recent filing May 2026. Vehicles like these are how secondary buyers pool demand for a name; a rising count is a demand signal.

The vehicle list — each sponsor, filing date, amount sold and investor count — is a Pro table. Unlock the 2 vehicles →
Companies with the most vehicle activity →

About Nscale

Developer of artificial-intelligence infrastructure intended to support organizations running large computing workloads. The company offers cloud computing, private artificial intelligence (AI) clusters, training platforms, inference services, and data-centre infrastructure, thereby helping organizations access the computing capacity required for artificial intelligence and high-performance workloads.

Industry
Software Development Applications
Sector
Information Technology
HQ
London, United Kingdom
Founded
2018
Employees
354
Ownership
In IPO Registration
PA Mark — not yet priced

Nscale doesn't have a composite mark yet — a PA Mark is published once enough pricing inputs exist (trade prints, fund marks, round prices). The rest of the record below builds toward it.

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Recorded secondary trades

No prints on record

No secondary trades in Nscale shares have been recorded yet. When a print lands — third-party, direct report, or platform — it appears here with structure, source, and price.

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Institutional fund marks

No fund marks yet

No SEC-registered fund has reported a fair-value mark on Nscale in its N-PORT filings yet. We sweep new filings monthly.

Pro members can request priority coverage with a 48-hour turnaround.