From Yahoo Finance: 2025-04-09 06:13:00

UK-based NexGen Cloud raises $45m in Series A funding to enhance AI infrastructure platform for European enterprises. Founded in 2020, it offers GPU-as-a-Service, reporting significant revenue increase from $3m in 2023 to over $70m in 2024, serving clients like Red Hat and Ingenix.AI. Industry forecasts project the global GPU-as-a-Service market to reach over $34bn by 2032. With the new funding, NexGen Cloud plans to expand GPU capacity and advance platform development, positioning itself as a sovereign AI infrastructure provider in Europe.

Read more: NexGen Cloud secures $45m to bolster AI infrastructure