London-based NexGen Cloud has raised €41 million in a Series A funding round to expand its sovereign AI infrastructure in Europe.
The funding will support the company's mission to provide hyperscale-like capacity globally, with a focus on delivering sovereign capabilities in Europe.
NexGen Cloud offers enterprise AI cloud solutions, including private clouds for large-scale sovereign AI environments and on-demand GPU access.
The investment will be used to scale NexGen Cloud's infrastructure and expand its full stack cloud capabilities to support production-ready AI applications.