NexGen Cloud - Series A, $45M

NexGen Cloud just locked in a $45M Series A to scale the unscalable and make sovereign AI infrastructure feel less like a buzzword and more like a battleground asset. And here’s the kicker, they’re not powered by VC firms with TikTok strategy decks. Their backers? High-net-worth individuals and family offices with serious skin in the geopolitical data game. You know, the type that buys a private island and a GPU cluster.

Founded in 2020 by Christopher Starkey, @Youlian Tzanev, and Antony Wade, NexGen Cloud isn’t just another HPC startup chasing an acronym-laden trend cycle. They’re building the tech that’s already underpinning the next industrial shift, and doing it with a renewable-first mindset that makes your average “green data center” pitch look like a recycling bin at Burning Man.

Here’s what makes this more than just a funding headline: £72M in revenue across 2023–2024, a 380% jump in AI cloud ops, and over 2,272% transaction growth on their Hyperstack platform. Red Hat, Ingenix.ai, and ArchiLabs aren’t kicking the tires; they’re scaling with it. And when you’ve got 20,000 NVIDIA H100s already humming in Norway, all powered by renewables, that’s not a roadmap. That’s real estate.

Hyperstack delivers GPU-as-a-Service with Kubernetes, serverless inference, dedicated VMs, and the kind of privacy controls that scream “enterprise-ready” without whispering “vendor lock-in.” Then there’s the $1B AI Supercloud project because apparently, going sovereign isn’t just for nations anymore. It’s compute nationalism with scalability swagger.

Cory Hawkvelt and Linh Vu are leading the tech charge, backed by a leadership crew that includes startup vets and system architecture heavyweights. And with Charlotte Farrell keeping the organizational machine dialed in, this isn’t a crew figuring it out as they go. They know the mission, they built the stack, and now they’ve got the war chest.

This round pushes NexGen Cloud’s total funding to $59M, at a $354M post-money valuation. The capital is headed straight into expansion, Fine-Tuning-as-a-Service, hybrid cloud tools, hyperscale GPU clusters, and a hiring spree for engineers who want to build more than just slide decks and Docker containers.

Europe’s demand for sovereign AI isn’t on the horizon; it’s here. And NexGen Cloud is already under the hood, wiring the circuits. The game isn’t about who gets to market first anymore. It’s about who owns the infrastructure when the market arrives.