NexGen Cloud, a UK-based company specializing in AI infrastructure, has secured $45 million in funding at a valuation of $354 million. The investment round, led by high-net-worth individuals and family trusts, will support the company’s global expansion and strengthening of sovereign AI capabilities in Europe.
- • Revenue growth: £72 million (2023-2024) driven by a 380% rise in AI cloud revenue and a 2,272% surge in transactions.
- • Hyperstack delivers on-demand enterprise-grade AI compute to over 10,000 users, including Red Hat, Ingenix.AI, Tyne, and ArchiLabs.
- • 90% GPU utilisation enables seamless and efficient AI computing.
- • Partnerships with software development, clinical trials, and AI-driven design across AEC sectors.
NexGen Cloud developed its own API to enable partners to deliver scalable enterprise-grade compute via Hyperstack. These partnerships have been instrumental in driving the company’s growth and success.
“NexGen has been an incredibly reliable partner as we’ve scaled our cloud marketplace. Their consistently dependable servers across all categories of GPU workloads – paired with top-tier support and performance – have been first class. We’re proud to be growing alongside their team and expanding fleet.” – Ed Goode, CEO of Shadeform.
The Series A funding will enable NexGen Cloud to scale its infrastructure to meet the growing demand for AI compute in Europe. The company will also enhance its Full Stack Cloud to support production-ready AI for enterprises.
Strategic Partnerships and Expansion Plans
NexGen Cloud’s strategy focuses on building partnerships to broaden access to AI compute, particularly for large enterprises and governments. The roadmap includes expanded infrastructure, new AI products for full-cycle development, and services such as serverless inference on dedicated VMs-enhancing privacy and data security.
- • Expanded infrastructure to support high utilisation and soaring AI demand in Europe.
- • New AI products for full-cycle development.
- • Serverless inference on dedicated VMs for enhanced privacy and data security.
The company will also launch Fine-Tuning-as-a-Service to streamline model customisation and optimise cluster resources, reinforcing its role in driving Europe’s digital transformation.
“We are thrilled to have the backing of our esteemed investors who share our vision for a robust and sovereign AI infrastructure in Europe. This Series A funding is a pivotal step towards realising our goal of becoming the backbone for AI-powered solutions across the continent.” – Chris Starkey, CEO and co-founder of NexGen Cloud.
Building Customer Trust
NexGen Cloud is scaling rapidly, driven by growing demand for AI compute. The company offers high-reliability, engineer-led support, and hands-on optimisation, consistently earning customer trust through smooth operations and peak efficiency.
The investment will support NexGen Cloud’s continued growth and expansion plans.
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