Nscale raises $3.36B in a convertible note

Nscale builds AI data centers and provides GPU cloud infrastructure that companies use to train, run, and scale large AI models. The company announced a $3.36B convertible note on September 25, 2026, from its base in London, GB. Investors and valuation were not disclosed in Crunchbase's round record; Lounge adds them as they are reported. It has raised more than $100M in total venture funding.