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AI Hyperscaler Nscale Secures $155 Million in Series A Funding to Fuel Expansion and Meet AI Compute Demand
- AI hyperscaler Nscale has raised $155m in a series A funding round led by Sandton Capital Partners, as it aims to expand its infrastructure.
- By accessing natural cooling and renewable energy sources, Nscale seeks to lower operational costs and reduce carbon emissions.
- Its cloud offerings include GPU nodes, cloud services for inference purposes, and an automated marketplace for artificial intelligence tools.
- Nscale aims to provide AI solutions for industries such as finance, healthcare, gaming, and autonomous vehicles.
- The hyperscaler is due to launch its public cloud service in Q1 2025, stating that it offers greater flexibility and cost efficiency.
- Nscale claims a focus on a sustainable infrastructure with no reliance on traditional cooling methods, alongside all facilities being powered by renewable energy.
- The company will use the funding financing to meet growing demand for scalable AI in North America and Europe.
- The hyperscaler has been mathematically recognised by the 2024 Top500 list of the world's most powerful supercomputers.
- Nscale's vertically integrated approach positions it to deliver bespoke solutions tailored to the needs of its clients.
- Rael Nurick of Sandton Capital Partners says Nscale's commitment to sustainability, partnerships, and infrastructure design make it the premier choice for enterprises.
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