NexGen Cloud Secures $45 Million in Series A Funding to Expand Sovereign AI Infrastructure in Europe

Quick Summary:

This Series A funding is a pivotal step towards realising our goal of becoming the backbone for AI-powered solutions across the continent.” With growing demand for AI compute, NexGen Cloud is scaling rapidly.

Since launching Hyperstack in 2023, NexGen Cloud has generated £72 million in revenue (2023–2024), driven by a 380% rise in AI cloud revenue and a 2,272% surge in transactions.

Chris Starkey, CEO and co-founder of NexGen Cloud, commented: "We are thrilled to have the backing of our esteemed investors who share our vision for a robust and sovereign AI infrastructure in Europe.

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Article Details

Author / Journalist: NexGen Cloud

Category: Technology

Markets: China

Topics: Sovereign Nexgen Cloud Infrastructure Series Funding Hyperstack Europe Compute Support Million

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-08 @ 13:48:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 372 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 27728483

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