What does NexGen Cloud do?
NexGen Cloud is an AI infrastructure company headquartered in London that builds partnerships to broaden access to AI computing for large enterprises and governments. The company specializes in streamlining model customization and optimizing cluster resources to support full-cycle AI product development.
How much did they raise?
The company raised $45M in a Series A round with a valuation of $354M. Although the lead and participating investors were not disclosed, this significant funding round underscores investor confidence as the company aims to scale its operations.
What are their plans for the money?
NexGen Cloud plans to use the funds for global expansion and to enhance its sovereign AI capabilities, particularly in Europe. The investment will support the development of new AI products, expanded infrastructure, and innovative services like serverless inference on dedicated VMs, which are designed to improve privacy and data security.
What have they achieved so far?
Since launching its Hyperstack platform in 2023, NexGen Cloud has already generated £72M in revenue during the 2023–2024 period. The company has experienced a 380% increase in AI cloud revenue and a remarkable 2,272% surge in transactions, demonstrating strong market traction and growth potential.
