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British GPU-as-a-Service startup NexGen Cloud raises $45M

  • U.K.-based graphics processing unit cloud company NexGen Cloud Ltd. has raised $45 million in a Series A funding round.
  • The funding will be used to establish NexGen Cloud as the AI infrastructure platform of choice in Europe.
  • NexGen Cloud operates as an "AI factory", providing access to GPUs and other infrastructure for AI applications.
  • The startup plans to use the funding to expand its GPU capacity, enhance platform development, and establish partnerships.

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