Neocloud · Private · GB

Nscale

AI cloud and data-center company that filed to list in the United States.

Legal name: NSCALE LtdFounded May 29, 2024 (Wikidata)Reviewed Oct 21, 2026

Largest customer contract
up to about $44.6B
Anthropic · Aug 25, 2026 · S-1 ↗
Last financing
Registration statement
Registration statement · Sep 18, 2026 · Filed · S-1 ↗
Compute deals
2
Dollar values and capacity below

Funding

Financing events where Nscale raised money or filed for it

DateRoundEquityDebtPost-moneyLeadsStatus
Sep 18, 2026Registration statementNot tracked yetNot tracked yetNot tracked yetNo lead named in the sourceFiled S-1 ↗

* Equity raised counts closed primary equity rounds only, per currency. It excludes debt, secondary sales, Form D amounts and money counted inside a later round. Other trackers often add some of these, so their totals differ. Method →

Compute and infrastructure

Stated contract totals over multi-year terms, not annual spend

DateDealRoleValue (basis)CapacitySource
Sep 18, 2026Microsoft and Nscale GPU statements of workwith Microsoft · Compute contractProviderup to about $43.8Bthrough Dec 31, 2033No capacity stated in the sourceS-1 ↗
Aug 25, 2026Anthropic and Nscale GPU services agreementswith Anthropic · Compute contractProviderup to about $44.6BNo capacity stated in the sourceS-1 ↗

Metrics

Numbers the company states or files about itself

MetricValueAs ofStatusSource
Revenue, six months ended June 30, 2026Six months ended June 30, 2026
“For the six months ended June 30, 2026 and 2025, we generated revenues of $140.6 million and $10.4 million, respectively, representing an increase of 1,252%.”
$140.6MJun 30, 2026FiledS-1 ↗
Revenue, year ended December 31, 2025Year ended December 31, 2025
“Revenue for the year ended December 31, 2025 increased 73%, from $19.1 million in 2024 to $33.0 million in 2025.”
$33MDec 31, 2025FiledS-1 ↗
Revenue, year ended December 31, 2024Year ended December 31, 2024
“Revenue for the year ended December 31, 2025 increased 73%, from $19.1 million in 2024 to $33.0 million in 2025.”
$19.1MDec 31, 2024FiledS-1 ↗

Timeline

Every tracked event, newest first

  1. Sep 18, 2026ComputeMicrosoft and Nscale GPU statements of workMicrosoft ↔ Nscaleup to about $43.8BSigned S-1 ↗
  2. Sep 18, 2026FilingNscale files for a US initial public offeringNscaleNo amount stated in the sourceFiled S-1 ↗
  3. Aug 25, 2026ComputeAnthropic and Nscale GPU services agreementsAnthropic ↔ Nscaleup to about $44.6BSigned S-1 ↗
Deal counterparties
MicrosoftAnthropic
Same category
CoreWeaveNebiusLambdaCrusoeFluidstack

Sources

2 sources · reviewed Oct 21, 2026

  1. SEC EDGAR (Nscale Limited), “Nscale Limited registration statement on Form S-1, September 18, 2026”, Sep 18, 2026 · S-1
  2. Wikidata, “Wikidata item Q132721548 (Nscale)” · Wikidata

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