NexGen Cloud has secured $45 million in a Series A funding round to expand its AI infrastructure in Europe. The funding, primarily backed by high-net-worth individuals and family trusts, will support the company's growth in hyperscale infrastructure.
NexGen Cloud, a leading UK-based company specializing in AI infrastructure, has closed a $45 million Series A funding round. The funds will be used to scale infrastructure in response to increased platform utilization rates and the growing demand for AI capabilities in Europe. The company also aims to expand its Full Stack Cloud capabilities for production-ready AI applications. Investors include high-net-worth individuals and family trusts.
Company Information
Company
NexGen Cloud
Location
London, England, United Kingdom
About
NexGen Cloud is a leading UK-based company specializing in AI infrastructure. It provides AI compute capacity for large enterprises and an AI-as-a-Service Cloud solution with on-demand computing. The company has established itself as an early leader in GPU cloud computing and develops its own API for enabling enterprise-grade AI compute. NexGen Cloud plays a crucial role in various sectors, including software development, clinical trials, and AI-assisted design.
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