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April 29, 2025

British AI startup Nscale seeks $2.7bn fundraise and courts TikTok owner ByteDance, reports say

It’s part of a wave of European AI cloud providers looking to convince investors to part with large sums of cash

AI cloud infrastructure startup Nscale is looking to raise $2.7bn, according to Bloomberg, as a wave of European tech companies look to take advantage of rising demand for access to high performance compute across the region. 

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Kai Nicol-Schwarz

Kai Nicol-Schwarz is a senior reporter at Sifted. He covers AI and UK tech, and can be found on X and LinkedIn

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