NexGen Cloud, a British AI infrastructure startup, has raised €41.1M in a Series A funding round, bringing its post-money valuation to €323.36M.
The funding will be used to expand the company's capacity globally, with a focus on offering sovereign capabilities in Europe and other regions.
NexGen Cloud provides enterprise AI cloud solutions, including Private Clouds and the Hyperstack platform, which enables partner companies to deliver AI computing power.
The company plans to develop partnerships, expand infrastructure services, and introduce new AI products to support integration across the development cycle.