Nscale is reportedly looking to attract up to $2 billion in a new funding round, just three months after closing its previous raise.

According to Bloomberg, that cites people familiar with the matter, the data center and AI cloud provider is in talks with Goldman Sachs Group and JPMorgan Chase & Co. regarding the raise.

DCD has contacted Nscale for comment.

Nscale has been on something of a fundraising spree. In December 2024, the company brought in $155m in funding for its planned AI cloud rollout, and by September 2025, it had completed another round, this time raising $1.1bn from backers including Aker, Nvidia, and Nokia.

Just one month later, the neocloud raised a further $433m in pre-Series C SAFE funding.

While the company has been raising capital, it has also been securing significant contracts with the likes of Microsoft and OpenAI, with OpenAI selecting Nscale to support its UK and Norway Stargate projects.

Microsoft, meanwhile, is working with Nscale on a $10bn Portugal data center project at the Start Campus in Sines, and has signed capacity deals with the neocloud in the UK, Texas, and Norway.