Nscale raises $3.36 billion in pre-IPO convertible financing
NVDA•Nscale raised $3.36 billion in pre-IPO convertible financing, including an initial $2.36 billion tranche and an additional $1 billion commitment from NVIDIA, with funding expected in mid-November.
1. Financing details
Nscale said the financing was supported by investors including NVIDIA, funds managed by Apollo, Citadel, Hudson Bay Capital and Abu Dhabi Investment Council. It consists of an initial $2.36 billion tranche at closing and an additional $1 billion commitment from NVIDIA, with funding expected in mid-November.
