Nscale, a British AI infrastructure company founded two years ago, is reportedly seeking $3.5 billion in pre-IPO financing. According to Bloomberg, the company aims to raise $1.

5 billion in convertible notes plus $2 billion from Nvidia, following a $1.1 billion Series B in March.

Nscale recently signed a $45 billion deal with Anthropic, projecting $103 billion in revenue from signed customer leases. The company may go public as early as this month.