British AI neocloud Nscale secured $3.36B in convertible financing ahead of its planned US IPO. The round reportedly includes Third Point and Nvidia, and will fund a major AI data center buildout as demand for compute keeps rising. TechCrunch said the deal positions Nscale among Europe’s most heavily backed AI infrastructure players. Key takeaway: Capital is still flowing into AI infrastructure, but investors are concentrating it on companies that can secure compute and scale fast. 🔗 https://eu.techcrunch.com/ #EuropeanTech #Funding #VC