Nscale raises $3.36 billion pre-IPO convertible financing led by Third Point

Nscale

Nscale announced $3.36 billion in pre-IPO convertible financing led by Third Point. NVIDIA committed an additional $1 billion. The round values Nscale at approximately $30 billion, with conversion adjustments capped at that level.

• Pre-IPO financing: $3.36B convertible debt led by Third Point.
• NVIDIA committed $1B additional funding.
• Estimated valuation: ~$30 billion; filing for Nasdaq IPO.