Nscale Valuation, Funding & Investors

Nebius is a vertically integrated cloud provider focusing on AI and high-performance computing. It is a carve-out of the previous Russian tech firm Yandex, following the Russian sanctions since the Ukraine-Russia war. Nebius designs and operates its own data centers and servers across Europe and the US, with a total capacity of several hundred megawatts. In September 2025, Microsoft became a major Nebius client under a multiyear $17 billion revenue agreement to provide computing capacity.

Baseten is a serverless infrastructure platform for deploying machine learning models with autoscaling GPUs, cron scheduling, and vector databases. San Francisco-headquartered and founded in 2021, it supports PyTorch and TensorFlow runtimes, powering real-time inference for 1,000+ ML teams at Fortune 500 firms. Integrations include Pinecone for RAG and LangChain for agentic workflows.

FluidStack delivers a leading AI cloud platform with supercomputing infrastructure for AI labs, governments, and enterprises, serving clients like Mistral, Meta, and Black Forest Labs.

DayOne is a Singapore-headquartered data center platform that designs, builds and operates hyperscale and AI-ready data center campuses. It was established in 2022 as the holding company for the international data center business of GDS Holdings and later adopted the DayOne name. The company develops clusters in the Singapore, Johor and Batam region, Hong Kong, Japan, Thailand and Finland, and sells capacity to cloud providers, large technology companies and other enterprise customers under long-term contracts. Its revenue comes from leasing and servicing data center capacity, power and connectivity. The platform is backed by technology and infrastructure investors and works with local partners, including an Indonesian sovereign investor, to build campuses. Its strategy is to build interconnected clusters that act as regional gateways for customers expanding across Asia-Pacific and Europe.

SambaNova is a Palo Alto-headquartered enterprise AI company providing full-stack solutions from Reconfigurable Dataflow Unit silicon like the 2023 SN40L chip to software platforms including Samba Cloud for instant inference on models such as Llama and Qwen, SambaStack for on-premise deployments, and SambaManaged for efficient data center AI services deployable in 90 days.

CoreWeave is a modern cloud infrastructure company that offers Nvidia GPUs and other essential AI hardware with optimized efficiency to handle the most demanding AI training and inference workloads. Its cloud platform supports the development and use of foundational large language models and the delivery of next-generation AI applications to satisfy the growing demand for AI around the world.

Core Scientific Inc is engaged in designing, building, and operating digital infrastructure for high-density colocation services and digital asset mining. The business operates in three operating segments: Digital Asset Self-Mining, consisting of performing digital asset mining for its own account, Digital Asset Hosted Mining, consisting of providing hosting services to third parties for digital asset mining, and Colocation, consisting of providing high-density colocation services to third parties for AI / HPC operations. The majority of revenue is derived from the Digital Asset Self-Mining Segment.

Databricks is a data and artificial-intelligence software company offering a cloud lakehouse platform for engineering, analytics, governance, and machine learning. The organization serves B2B customers and counterparties through the operating assets, products, or financial capabilities described in the cited transaction materials. Its principal economics are Subscription, Usage-based, while its competitive position depends on sector expertise, asset quality, customer relationships, execution, and disciplined capital allocation. The business was founded in 2013 and is headquartered in San Francisco. The Series I added QIA as a strategic investor at a disclosed forty-three-billion-dollar post-money valuation. The profile reflects the legal or operating business at the transaction date, including its historical identity where a subsequent listing, merger, privatization, disposal, or reorganization changed its name or ownership.

PT DCI Indonesia Tbk is a data center provider in Indonesia. It provides reliable, well networked, and well-managed cloud and carrier-neutral data center infrastructure services in Indonesia. The company operates in two segments: Colocation services and Others. The services offered by the company include Colocation, Cross Connect, Flexspace, Smarthands, CloudConnect, and DCI Internet Exchange.

Oracle Corp Japan is an information technology company. Its products cover database management, enterprise resource planning, supply chain management, data warehousing, customer relationship management, middleware, business intelligence, and application products. The firm provides cloud solutions, business solutions, industry solutions, mobile solutions, technology solutions and consulting, financing, training, cloud, and others. The company operates through three reportable segments: Cloud & License, Hardware Systems, and Services.

Lambda is an AI cloud computing company headquartered in San Jose, California, that provides GPU infrastructure for training and running machine learning models. It was founded in 2012 by Stephen Balaban and Michael Balaban and began by selling deep learning workstations and servers. Its products now include on-demand GPU cloud instances, reserved multi-node clusters, supercomputers built on Nvidia accelerators, colocation, and the Lambda Stack software distribution for AI frameworks. It builds and leases data centre capacity to AI developers, enterprises, research institutions and government agencies. Revenue comes mainly from usage-based and contract-based cloud compute, together with hardware sales. The company is financed by venture equity and asset-backed debt secured on the GPUs it deploys.

NetApp Inc is a provider of enterprise data management and storage solutions. The company's segments include Hybrid Cloud and Public Cloud. It generates maximum revenue from the Hybrid Cloud segment. The Hybrid Cloud segment offers a portfolio of storage management and infrastructure solutions that help customers recast their traditional data centers with the power of the cloud. This portfolio is designed to operate with public clouds to unlock the potential of hybrid, multi-cloud operations. Hybrid Cloud is composed of software, hardware, and related support, as well as professional and other services. Geographically, the company generates the majority of its revenue from the United States, Canada and Latin America (Americas).

Wangsu Science & Technology Co Ltd is a China-based company engaged in the provision of telecommunication value-added services. It is mainly engaged in the provision of a content delivery network (CDN) services, Internet data center (IDC) services, and cloud service integrated solutions. The company operates its business in domestic and overseas markets.

Applied Digital Corp is a U.S. based designer, developer, owner, and operator of large-scale, purpose-built data centers engineered to support high-performance computing (HPC) workloads, including artificial intelligence (AI), machine learning, and other accelerated-compute applications. It design, build, and operate high-performance, sustainably engineered data centers which it refer to as AI factories and deliver that capacity to investment-grade hyper scalers and other compute customers under long-term lease and hosting arrangements. The company has two segments Data Center Hosting Business, and HPC Hosting Business. The company generates majority of revenue from Data Center Hosting Business segment. Its solutions are Digital Infrastructure, and AI Factories.

GDS Holdings started as an IT service provider in 2001, then moved to the data center business with its first self-developed data center opening in 2010. The company now develops and operates data centers in China and also builds, operates, and transfers data centers for other clients. It offers colocation and managed services and mainly targets hyperscale cloud service customers who take large areas of its data centers or even whole data centers under long-term contracts. Its data centers are located predominantly in and around the Tier 1 cities in China, and it has also started expanding into Southeast Asia via the now 23% owned DayOne. GDS listed on the Nasdaq in 2016 and completed a secondary listing in Hong Kong in 2020.

NextDC operates 17 data centers in Australian cities with a focus on colocation and interconnection between enterprises, global cloud, and ICT providers and telecommunication networks. It has another 2 data centers in Asia and 13 data centers in development or planning stage in Australia, Asia and New Zealand. NextDC provides physical space, cooling, power and security services and offers optional technical and project management support. The company’s tenants store their servers within the data center and can connect to each other, to and between global public cloud providers and telecommunication network providers via physical and virtual connections. Colocation services allow enterprises to enhance security of data transmission and reduce latency.

ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.

Sierra is a San Francisco company that builds conversational AI agents for customer service and sales, founded in 2023 by Bret Taylor, the former co-chief executive of Salesforce and chairman of OpenAI, and Clay Bavor, a longtime Google executive. Its platform lets large companies build branded agents that handle customer conversations over chat, voice and other channels, take actions in company systems and improve over time. Customers include SiriusXM, Sonos, ADT, WeightWatchers, SoFi, Nordstrom, Cigna and Singtel, and the company says it serves more than 40 percent of the Fortune 50. It launched in February 2024 and passed 100 million dollars of annual recurring revenue in 2025 and 150 million in 2026. Investors include Sequoia Capital, Benchmark, Greenoaks, Thrive Capital, ICONIQ, GV and Tiger Global. It raised 950 million dollars in a Series E in May 2026 at a valuation of more than 15 billion dollars. It acquired the voice-agent company Receptive AI in 2025 and the long-horizon agent company Takeoff in 2026.