Nscale eyes US IPO after revealing $51B AI contract backlog
Tech Funding News 3 weeks ago 23 ● 2 sources
Nscale, a London-based AI infrastructure company founded in 2024, is preparing for a US IPO as early as September after securing $51 billion in contracted revenue. The company's quarterly revenue grew from $37 million in Q1 2026 to over $100 million in Q2, with 289,000 contracted GPUs and expansion toward 10GW of data centre capacity. The IPO will test whether investors value Nscale's vertical integration across power, data centres, GPUs, and software higher than competing pure-play cloud providers.