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Nscale raises $3.36 billion through convertible notes to support its data center construction push ahead of a planned IPO. The company expects $2.26 billion from investors including Third Point, Apollo and Citadel, with Nvidia providing the remaining $1 billion in mid-November; the notes convert to shares after the offering. Nscale says it has more than $103 billion in contracted value, largely tied to Microsoft and Anthropic, and is building a West Virginia campus designed to generate 2 gigawatts of power.

Sep 2026SiliconAngleNews article

British neocloud Nscale secures $3.36 billion in convertible financing ahead of its planned IPO later this year. Led by hedge fund Third Point, the round includes $2.36 billion available immediately and another $1 billion from existing investor Nvidia, expected in mid-November; the notes convert into equity after the IPO. Nscale’s IPO filing reports more than $103 billion in contracts, and the company is developing data center campuses in Norway and West Virginia.

Sep 2026TechCrunchNews article

Accounting automation startup Trullion secures an additional $15 million in a round led by StepStone Group, with participation from Aleph, Third Point, and Greycroft. Founded in 2020, the New York-based company offers lease accounting, revenue recognition, and audit automation software that extracts contract data and automates accounting workflows. CEO Isaac Heller says Trullion has more than 1,000 customers and 5,000 users; the company has raised $33.5 million to date.

Apr 2023TechCrunchNews article