Nscale secures $3.36B as Europe’s AI infrastructure race accelerates. British AI neocloud Nscale has raised $3.36 billion in convertible financing ahead of a planned U.S. IPO, TechCrunch reported. The deal underscores investor demand for infrastructure providers that can supply compute to fast-growing AI companies. Key takeaway: Large private rounds are still flowing to AI picks-and-shovels businesses, even as European startups head toward public markets. 🔗 https://techcrunch.com/region/europe/ #Funding #Startup #SaaS