Nscale seeks about $3.5 billion in pre-IPO funding, The Economic Times reports
The Economic Times, citing a source, says Nscale intends to sell up to $1.5 billion in convertible notes to investors and aims to secure about $2 billion from Nvidia.
TLDR
Cloud infrastructure provider Nscale is seeking about $3.5 billion before an initial public offering, The Economic Times reports. Citing a source, the outlet says Nscale intends to sell as much as $1.5 billion in convertible notes to a group of investors and aims to secure about $2 billion from Nvidia.
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