[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"branding":3,"analytics":7,"article-nscale-seeks-35b-pre-ipo-round-from-nvidia-third-point":10,"sections":35},{"siteName":4,"siteTagline":5,"publisherName":4,"contactEmail":6},"The Revision","Tech news, decoded.","editor@therevision.news",{"gaMeasurementId":8,"adsenseClientId":9},"G-ZW2MV82GYR","ca-pub-8533917693782264",{"article":11},{"id":12,"slug":13,"title":14,"dek":15,"body_md":16,"tags_json":17,"published_at":18,"created_at":19,"updated_at":20,"status":21,"review_note":22,"review_notes":23,"image_url":22,"persona_id":22,"persona_name":22,"section":24,"tags":25,"sources":30,"feedback":34,"feedback_at":22,"cost_usd":34,"total_tokens":34},6090,"nscale-seeks-35b-pre-ipo-round-from-nvidia-third-point","Nscale Seeks $3.5B Pre-IPO Round From Nvidia, Third Point","Nscale is raising up to $3.5 billion ahead of a US listing, leaning on a $45 billion Anthropic contract that Microsoft and Google both passed on.","An AI cloud provider most people have never heard of wants $3.5 billion before it even goes public.\n\nNscale is in talks to raise up to $3.5 billion ahead of a US listing. The financing splits into $1.5 billion in convertible notes led by Third Point and roughly $2 billion from Nvidia. The company is telling prospective investors its total contracts now add up to about $103 billion. Most of that jump comes from a single $45 billion deal with Anthropic - one that Microsoft and Google both reportedly walked away from.\n\nNvidia funding the same cloud providers that buy its chips is becoming a pattern, and it blurs the line between customer and investor in a way that should make anyone reading Nscale's revenue numbers pause. The Anthropic deal is the bigger story here: two of the largest hyperscalers on earth had a shot at $45 billion in business and took a pass, leaving it to a far smaller player.\n\nA $103 billion contract pipeline looks impressive on a pitch deck. Whether it holds up depends on how much of that is signed, committed spend versus optimistic multi-year projections - the kind of detail that tends to matter a lot more once a company actually has public shareholders.","[\"nscale\",\"nvidia\",\"anthropic\",\"ipo\"]","2026-09-04T19:18:36.000Z","2026-09-04T20:04:17.117Z","2026-09-21T04:28:46.211Z","published",null,[],"startups",[26,27,28,29],"nscale","nvidia","anthropic","ipo",[31],{"name":32,"url":33},"The Next Web","https:\u002F\u002Fthenextweb.com\u002Fnews\u002Fnscale-3-5-billion-pre-ipo-financing-nvidia-third-point-103bn-contracts-narvik-norway-new-york-listing",0,{"sections":36},[37,42,46,51,56,61,65,70,75,80,84,89,93,98],{"name":38,"slug":39,"count":40,"latest_published_at":41},"AI","ai",4663,"2026-09-28T04:00:00.000Z",{"name":43,"slug":44,"count":45,"latest_published_at":41},"Security","security",757,{"name":47,"slug":48,"count":49,"latest_published_at":50},"Policy","policy",399,"2026-09-27T18:39:02.000Z",{"name":52,"slug":53,"count":54,"latest_published_at":55},"Deals","deals",261,"2026-09-27T15:30:35.000Z",{"name":57,"slug":58,"count":59,"latest_published_at":60},"Hardware","hardware",188,"2026-09-27T20:46:36.000Z",{"name":62,"slug":63,"count":64,"latest_published_at":41},"Science","science",148,{"name":66,"slug":67,"count":68,"latest_published_at":69},"Consumer Tech","consumer-tech",135,"2026-09-26T14:30:00.000Z",{"name":71,"slug":72,"count":73,"latest_published_at":74},"Software","software",91,"2026-09-25T20:55:00.000Z",{"name":76,"slug":77,"count":78,"latest_published_at":79},"Dev Tools","dev-tools",84,"2026-09-26T04:20:58.000Z",{"name":81,"slug":24,"count":82,"latest_published_at":83},"Startups",76,"2026-09-25T18:33:59.000Z",{"name":85,"slug":86,"count":87,"latest_published_at":88},"Gaming","gaming",48,"2026-09-25T18:35:21.000Z",{"name":90,"slug":91,"count":87,"latest_published_at":92},"General","general","2026-09-26T17:02:42.000Z",{"name":94,"slug":95,"count":96,"latest_published_at":97},"Reviews","reviews",30,"2026-09-24T20:07:31.000Z",{"name":99,"slug":100,"count":101,"latest_published_at":102},"How-To","how-to",6,"2026-06-16T09:00:00.000Z"]