Nscale Global Holdings, the Nvidia-backed AI infrastructure startup, has locked in a $900 million line of credit to accelerate its data-center buildout. The revolving facility spans Europe, the U.S. and the Asia Pacific, and follows a $2 billion raise earlier this year.
Nscale Global Holdings has secured a $900 million line of credit to expand its data-center buildout across Europe, the U.S. and the Asia Pacific, the U.K. artificial-intelligence infrastructure startup said.
The company runs a network of data centers in Europe and the U.S., some its own and some through partners, and it is seeking to expand AI infrastructure in Asia. Customers tap those sites by reserving graphics processing units, or GPUs — the chips that accelerate the computations behind AI training.
A bank consortium backs the facility
Nscale said the revolving credit facility would inject flexible liquidity to speed up its buildout plans. A consortium of banks including J.P. Morgan, Goldman Sachs and Morgan Stanley syndicated the facility, alongside MUFG, RBC Capital Markets, Bank of America, Credit Agricole CIB, Deutsche Bank, Mizuho, SMBC, TD Securities and KeyBank.
According to WSJ, Nscale Chief Executive Josh Payne said the facility "increases our flexibility to do that at speed and at scale".
Nvidia among the backers
Backed by Nvidia, Dell Technologies and Nokia, Nscale raised $2 billion earlier this year at a $14.6 billion valuation as investors continue to see promise in AI infrastructure. That stock valuation reflects continued appetite for companies building the compute layer behind AI.
The new facility closes nearly two months after Nscale secured $790 million in financing for a data-center project in Norway. Nscale said in May that those funds would expand an AI data center just outside Narvik in northern Norway, a site expected to include more than 30,000 Nvidia Rubin processing units.
Source: WSJ
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