Nscale: valuation, funding, and the secondary tape

The short version

Claimed valuation: $14.60B.
Last priced round: $2.00B at $14.60B post-money.
Secondary tape: $782.68 per share.
New-money stake: 13.7%.

instrument	value	as of	source
Claimed valuation	$14.60B		source
Last priced round (filed/seeded)	$2.00B @ $14.60B post	2026-03-01	source
Clarity (Hiive) tape	$782.68	2026-10-04	source
Napkin: new-money stake	13.7% ($2.00B of $14.60B)	2026-03-01	source

121 Clarity prints since 2026-06-13

Recent milestones

2026-10-06 - Nscale appointed Amy Banse to its Board of Directors, where she will also serve as Chair of the Compensation Committee.
2026-10-02 - Nscale appointed Justin Osofsky as Chief Operating Officer, adding an executive with 18 years of operational leadership experience.
2026-09-25 - Nscale announced a $3.36 billion pre-IPO convertible financing round led by Third Point. The financing includes an initial $2.36 billion tra

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Derived from the SOMEN graph at render time. The arithmetic cannot lobby you.