This investment, primarily from high-net-worth individuals and family trusts, will strengthen the company's mission to provide hyperscale-like capacity across global regions, with a particular focus on delivering sovereign capabilities in Europe and beyond.

Since its flagship platform, Hyperstack, launched in September 2023, NexGen Cloud has achieved a total revenue of £72 million for the years 2023 and 2024, with a 380% growth in revenue from AI Cloud operations. The platform has also seen a remarkable 2272% increase in transactions year-on-year, reflecting the burgeoning demand for AI services.

The company offers both AI compute capacity for large enterprises and on-demand compute through Hyperstack’s AI-as-a-Service Cloud offering. It currently manages thousands of GPUs with a 90% utilisation rate and has attracted over 10,000 users, including esteemed organisations such as Red Hat, Ingenix.AI, Tyne, and ArchiLabs. NexGen Cloud became an early mover into GPU Cloud by developing its own Application Program Interface (API) to enable channel partners to deliver enterprise-grade AI compute through Hyperstack. These partnerships underscore NexGen Cloud's pivotal role in various sectors, from software development to clinical trial simulations and AI-assisted design in architecture, engineering, and construction.  

Ed Goode, CEO of Shadeform, commented on its partnership with NexGen Cloud: “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.”

The Series A investment will be strategically allocated to scale NexGen Cloud’s infrastructure in response to high platform utilisation rates and Europe's rapidly growing AI demands. Additionally, the company will expand its Full Stack Cloud capabilities to support production-ready AI applications for the enterprise market.

Brian Bakerman, CEO & Co-Founder of ArchiLabs, commented on the collaboration with NexGen Cloud: “I have tried a number of different GPU-accelerated Cloud providers and Hyperstack has by far the best support and pricing on the market.”

NexGen Cloud's future strategy is centred on developing partnerships that enhance access to and delivery of AI compute services, addressing the needs of the world’s largest corporations and government entities. The company’s technology roadmap includes advancing its infrastructure services and launching new AI products that enable enterprises to integrate AI across the entire development cycle – supporting full production readiness. These solutions will allow serverless inference to run on dedicated virtual machines, giving customers greater control over privacy and data security. NexGen Cloud will also introduce services such as Fine-Tuning-as-a-Service, helping customers efficiently adapt pre-trained AI models to their specific use cases while optimising resource allocation across AI clusters. This expansion underscores the company’s commitment to innovation and its pivotal role in driving digital transformation across the continent.

"We are thrilled to have the backing of our esteemed investors who share our vision for a robust and sovereign AI infrastructure in Europe," said Chris Starkey, CEO and Co-Founder of NexGen Cloud. "This Series A funding is a pivotal step towards realising our goal of becoming the backbone for AI-powered solutions across the continent."

NexGen Cloud's investment in its AI infrastructure is a strategic move to address the growing demand for high-performance computing power necessary for complex AI applications. By further scaling its existing high-performance infrastructure, NexGen Cloud is well-positioned to deliver advanced AI capabilities with efficiency and scalability to Enterprise and global markets.