Latest news with #Hyperstack
Yahoo
09-04-2025
- Business
- Yahoo
NexGen Cloud secures $45m to bolster AI infrastructure
UK-based GPU cloud services startup NexGen Cloud has raised $45m (£35m) in its Series A funding round to bolster its AI infrastructure platform for European enterprises. The company announced the funding on LinkedIn, revealing that the round was supported by a group of family trusts and high-net-worth individuals, though their identities were not disclosed. Founded in 2020, NexGen Cloud initially provided cloud infrastructure for blockchain applications before pivoting to artificial intelligence. Now operating as a GPU-as-a-Service provider, it enables customers to access high-performance computing resources required for AI training and inference. Rather than owning its own data centres, NexGen Cloud has established long-term agreements with major hyperscalers to access GPU resources. These are offered to customers on-demand through the company's Hyperstack platform, which includes infrastructure services and consulting support for AI project planning. Describing itself as an "AI factory," the company reported a significant revenue increase, growing from $3m in 2023 to more than $70m by the end of 2024. According to NexGen Cloud, revenue from its AI cloud operations increased by 380% in the past year. Its client base now includes more than 10,000 organisations, including Red Hat, and ArchiLabs. The company operates within a sector expected to see significant growth. Industry forecasts from SNS Insider estimate the global GPU-as-a-Service market will rise from $3.3bn to over $34bn by 2032. Despite competition from firms such as Vultr, Akamai Technologies, and Lambda Labs, NexGen Cloud believes its European base provides a competitive edge. It aims to serve companies with heightened concerns over data privacy and regulatory compliance, positioning itself as a 'sovereign AI infrastructure provider.' The company offers AI workload support on dedicated virtual machines within local data centres to address data security concerns. With the new funding, NexGen Cloud plans to invest around half in expanding its GPU capacity and allocate the remainder to advancing its platform development. This includes the launch of a Fine Tuning-as-a-Service offering, team expansion, and potential acquisitions. NexGen Cloud co-founder and chief strategy officer Youlian Tzanev in an interview with Forbes said the company sees demand for accessible and straightforward cloud solutions. 'It has been something of a monopolistic market, dominated by a handful of giant US technology companies,' Tzanev said. 'But now, people are exploring other options.' "NexGen Cloud secures $45m to bolster AI infrastructure" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Forbes
09-04-2025
- Business
- Forbes
NexGen Cloud Raises $45 Million In Series A Funding
Enterprises the world over are looking for data center capacity As the artificial intelligence (AI) boom has swept round the world over the past two years, the space has largely been dominated by US technology businesses. In London, however, growth at an entrepreneurial UK AI company has also been gathering pace. Today, NexGen Cloud will announce it has raised $45 million of new funding, valuing the company at just over $350 million. NexGen was founded in 2020, initially focusing on blockchain applications, but rapidly pivoting into cloud solutions for AI. The company's revenues totalled only $3 million in 2023, the year after its shift of emphasis, but grew almost seven times' last year to reach $20 million. 'We deliver cloud in the way it's meant to be delivered,' says Youlian Tzanev, one of NexGen's co-founders and now its chief strategy officer. In essence, NexGen gives its customers access to the computing power they need to perform tasks such as training and developing large language models for generative AI applications. The company rents space and power in established data centers, enabling customers to secure time on GPUs, the machines that are vital to powering AI. Customers use NexGen's Hyperstack platform as their way into this power. The cloud-based solution means they don't have to build their own infrastructure to support their work with AI. 'Enterprises are looking for a solution that is simple and easy to use,' adds Tzanev. 'And as their AI projects develop and grow, they need something they can scale up quickly.' Demand is growing rapidly. Data from SNS Insider suggests the market for GPU as a service was worth only $3.3 billion globally in 2023 but will be worth $34 billion by 2032 – growth of almost 30% a year. Naturally, this acceleration has seen competitors target the market. The big names in cloud computing – including AWS, Microsoft and Google – are all present, but SNS Insider also points to a range of other players – including the likes of Vultr, Linode and Lambda Labs. Nevertheless, NexGen is convinced it can carve out a space for itself. It points to the merit of building a European-native cloud AI business, given the growing regulation of the sector. Local providers may be better placed to cope with European regulation – both in the European Union and the UK – on data privacy and management, for example. The business also sees partnerships as critical to expansion, pointing to alliances with firms such as cloud marketplace Shadeform. 'NexGen has been an incredibly reliable partner as we've scaled our cloud marketplace,' says Shadeform's CEO, Ed Goode. In time, NexGen hopes that customers using it for AI development will opt to host other data and activity via its cloud service. 'If we can deliver the most complex cloud solutions successfully, we'll be trusted to host other storage,' Tzanev explains. Tzanev believes the cloud solutions market is on the verge of a significant change. 'It's been something of a monopolistic market, dominated by a handful of giant US technology companies,' he says. 'There was a time when the feeling was that 'no-one gets fired for hiring AWS, say', but now people are exploring other options.' Many enterprises are focused on usability and scalability, as well as price, Tzanev argues. He points to NexGen's team of technical specialists, who provide troubleshooting advice and support on performance and optimisation, as one possible source of competitive advantage. Certainly, the business appears to be getting traction with customers, particularly in Europe. Current clients include organisations such as Red Hat, Tyne, and ArchiLabs. At the latter company, Brian Bakerman, CEO, says it switched to Hyperstack based on its 'support and pricing'; ArchiLabs switched to NexGen for 'GPU-accelerated cloud' after working with competitors in the market, he explains. The company's strategy for the next year and beyond focuses on developing partnerships that enhance access to and delivery of AI-compute services. It has plans for further improvements to its infrastructure services and for the launch of new products that make it easier for enterprises to integrate AI across the entire development cycle. One particular priority is dedicated virtual machines, giving customers greater control over privacy and data security. Today's fund-raising will help in this regard, giving NexGen greater balance-sheet strength and supporting its technology roll-out as it continues to add GPU capacity. The company's Series A round gives it a post-raise valuation of $354 million, with the funding primarily sourced from family trusts and high-net-worth individuals, led by Moore & Moore Investment Group. It's an important raise, both for NexGen itself, and for UK technology companies, which have often struggled to raise scale-up finance. 'Funding is tighter in Europe than in the US, with liquidity in short supply,' says Tzanev. 'The upside of that is that it forces us to keep proving ourselves.'
Forbes
08-04-2025
- Business
- Forbes
Meet The British AI Start-Up Hoping To Take On The World
As the artificial intelligence (AI) boom has swept round the world over the past two years, the space has largely been dominated by US technology businesses. In London, however, growth at an entrepreneurial UK AI company has also been gathering pace. Today, NextGen Cloud will announce it has raised $45 million of new funding, valuing the company at just over $350 million. NextGen was founded in 2020, initially focusing on blockchain applications, but rapidly pivoting into cloud solutions for AI. The company's revenues totalled only $3 million in 2023, the year after its shift of emphasis, but grew almost seven times' last year to reach $20 million. 'We deliver cloud in the way it's meant to be delivered,' says Youlian Tzanev, one of NextGen's co-founders and now its chief strategy officer. In essence, NextGen gives its customers access to the computing power they need to perform tasks such as training and developing large language models for generative AI applications. The company rents space and power in established data centers, enabling customers to secure time on GPUs, the machines that are vital to powering AI. Customers use NextGen's Hyperstack platform as their way into this power. The cloud-based solution means they don't have to build their own infrastructure to support their work with AI. 'Enterprises are looking for a solution that is simple and easy to use,' adds Tzanev. 'And as their AI projects develop and grow, they need something they can scale up quickly.' Demand is growing rapidly. Data from SNS Insider suggests the market for GPU as a service was worth only $3.3 billion globally in 2023 but will be worth $34 billion by 2032 – growth of almost 30% a year. Naturally, this acceleration has seen competitors target the market. The big names in cloud computing – including AWS, Microsoft and Google – are all present, but SNS Insider also points to a range of other players – including the likes of Vultr, Linode and Lambda Labs. Nevertheless, NextGen is convinced it can carve out a space for itself. It points to the merit of building a European-native cloud AI business, given the growing regulation of the sector. Local providers may be better placed to cope with European regulation – both in the European Union and the UK – on data privacy and management, for example. The business also sees partnerships as critical to expansion, pointing to alliances with firms such as cloud marketplace Shadeform. 'NexGen has been an incredibly reliable partner as we've scaled our cloud marketplace,' says that company's CEO, Ed Goode. In time, NextGen hopes that customers using it for AI development will opt to host other data and activity via its cloud service. 'If we can deliver the most complex cloud solutions successfully, we'll be trusted to host other storage,' Tzanev explains. Tzanev believes the cloud solutions market is on the verge of a significant change. 'It's been something of a monopolistic market, dominated by a handful of giant US technology companies,' he says. 'There was a time when the feeling was that 'no-one gets fired for hiring AWS, say', but now people are exploring other options.' Many enterprises are focused on usability and scalability, as well as price, Tzanev argues. He points to NextGen's team of technical specialists, who provide troubleshooting advice and support on performance and optimisation, as one possible source of competitive advantage. Certainly, the business appears to be getting traction with customers, particularly in Europe. Current clients include organisations such as Red Hat, Tyne, and ArchiLabs. At the latter company, Brian Bakerman, CEO, says it switched to Hyperstack based on its 'support and pricing'. The company's strategy for the next year and beyond focuses on developing partnerships that enhance access to and delivery of AI-compute services. It has plans for further improvements to its infrastructure services and for the launch of new products that make it easier for enterprises to integrate AI across the entire development cycle. One particular priority is dedicated virtual machines, giving customers greater control over privacy and data security. Today's fund-raising will help in this regard, giving NextGen greater balance-sheet strength and supporting its technology roll-out as it continues to add GPU capacity. The company's Series A round gives it a post-raise valuation of $354 million, with the funding primarily sourced from family trusts and high-net-worth individuals, led by Moore & Moore Investment Group. It's an important raise, both for NextGen itself, and for UK technology companies, which have often struggled to raise scale-up finance. 'Funding is tighter in Europe than in the US, with liquidity in short supply,' says Tzanev. 'The upside of that is that it forces us to keep proving ourselves.'
Yahoo
21-03-2025
- Business
- Yahoo
This Week In AI Chips - NVIDIA Collaboration Redefines Distributed AI Computing Landscape
Recent developments in the AI chip sector highlight a notable collaboration between InFlux Technologies and NexGen Cloud to enhance accessibility and performance of cloud-based AI solutions. This partnership focuses on deploying NVIDIA's Blackwell and other data center GPUs through InFlux's Hyperstack solution, marking its inclusion in the NVIDIA Partner Network (NPN) as a solution advisor. Leveraging NexGen's expertise in high-performance GPU-as-a-Service, the collaboration aims to redefine the landscape of distributed AI computing. By offering scalable and innovative GPU-accelerated resources, it seeks to empower businesses worldwide to harness advanced AI technologies seamlessly. last closed at $118.53 up 0.9%. Elsewhere in the market, was trading firmly up 4.5% and ending the day at NT$69.50, not far from its 52-week high. In the meantime, lagged, down 7.5% to close at HK$46.95. NVIDIA's Blackwell architecture offers a compelling growth opportunity in AI and data centers amidst regulatory challenges. Click to explore this potential and understand market dynamics further. Be sure to revisit our Market Insights article "DeepSeek and Trump's EOs: The Winners and Losers," which uncovers the game-changing impact of DeepSeek's AI advancements on the chip investment landscape—act fast before the market shifts! finished trading at $107.14 up 0.9%. This week, AMD presented at the AI Health World Summit 2025, focusing on AI solutions in the ASEAN region. settled at $157.95 down 0.2%. Two days ago, Qualcomm filed a Shelf Registration for $3.63 billion related to an ESOP offering. ended the day at $23.96 down 0.7%. Dive into all 54 of the AI Chip Stocks we have identified, like MediaTek, ASE Technology Holding and Microchip Technology, right here. Seeking Other Investments? We've found 19 US stocks that are forecast to pay a dividend yeild of over 6% next year. See the full list for free. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sources: Simply Wall St "InFlux Technologies Teams Up with NexGen Cloud to Deliver Hyperstack Solutions Built with NVIDIA AI Accelerated Computing Platform" from InFlux Technologies Ltd. on GlobeNewswire (published 20 March 2025) Companies discussed in this article include TPEX:5314 NasdaqGS:NVDA NasdaqGS:AMD NasdaqGS:QCOM NasdaqGS:INTC and SEHK:981. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
20-03-2025
- Business
- Yahoo
InFlux Technologies Teams Up with NexGen Cloud to Deliver Hyperstack Solutions Built with NVIDIA AI Accelerated Computing Platform
CAMBRIDGE, United Kingdom, March 20, 2025 (GLOBE NEWSWIRE) -- InFlux Technologies (Flux), a leading global decentralized technology company specializing in cloud infrastructure, artificial intelligence, and decentralized cloud computing services, has collaborated with NexGen Cloud to deploy NVIDIA Blackwell and additional data center GPUs through its Hyperstack solution. This is part of Flux's new inclusion as a Solution Advisor in the NVIDIA Partner Network (NPN), enabling NVIDIA to showcase how its GPUs power distributed computing workloads, including AI, machine learning and rendering, within a decentralized environment. Flux's collaboration with NexGen underscores its dedication to advancing cutting-edge AI solutions. This partnership leverages NexGen's expertise in high-performance computing, GPU-as-a-Service (GPUaaS) technology, and Flux's decentralized infrastructure to deliver scalable, efficient, and innovative AI solutions to businesses worldwide. Together, the two companies are redefining the landscape of cloud-based AI by providing seamless access to premium GPU-accelerated resources, ensuring organizations can unlock the full potential of next-generation technologies. 'NexGen Cloud has deployed a significant fleet of enterprise-grade GPUs—approximately 13,000 units—through the Hyperstack platform across Europe, North America, and the Asia-Pacific region," said Chris Starkey, CEO and co-founder of NexGen Cloud. "Our expanding infrastructure of NVIDIA H100s, NVIDIA A100s, and NVIDIA RTX A6000s will be strengthened by next-generation NVIDIA H100 and NVIDIA H200 deployments, with plans to introduce NVIDIA Blackwell GPUs throughout the year. We sought a partner with transformative solutions and deep industry insights, and in InFlux Technologies, we found an ideal collaborator. Their expertise and strong enterprise relationships open up incredible opportunities for businesses looking to harness the power of AI.' As an NVIDIA NPN Solution Advisor, InFlux Technologies transforms businesses by enabling them to build advanced AI agents. With its decentralized marketplace for computing resources, FluxEdge, businesses can leverage the latest optimized AI models through NVIDIA NIM™ microservices and connect AI agents to data through NVIDIA NeMo, both part of the NVIDIA AI Enterprise software platform for streamlined development and deployment of production-grade, end-to-end enterprise AI workflows. The FluxEdge platform empowers cloud providers and others to integrate seamlessly, driving adoption among small and enterprise providers who might otherwise focus on centralized solutions. This simplifies the process for customers to access and rent a wide range of GPUs, including the cutting-edge NVIDIA Blackwell. FluxEdge offers regional deployment options and a flexible marketplace, making it easy for users to tailor their compute setups to fit their needs. By providing expert guidance, InFlux Technologies helps organizations confidently navigate their AI journeys, unlocking the full potential of NVIDIA's innovative technologies. "Our roadmap for 2025 focuses on expanding our rendering capabilities and enhancing our core infrastructure to meet the growing demands of AI and ML workloads," said InFlux Technologies' CEO and Co-founder, Daniel Keller. "With our enhanced platform capabilities, we're well-positioned to continue leading the transformation of decentralized computing infrastructure." Through this collaboration, InFlux Technologies and NVIDIA will focus on leveraging GPU-accelerated computing platforms for enterprise IT, covering on-premise and cloud solutions, and accelerating data science and AI lifecycle management through NVIDIA AI enterprise software. Customers can effortlessly deploy their AI computing on FluxEdge, selecting from various locations and machine configurations. This integration allows users to quickly and easily run NVIDIA NIM™ inference microservices on the machine of their choice. For more information about InFlux Technologies, visit About NexGenNexGen Cloud is a sustainable European cloud IaaS, specialising in building large-scale HPC and GPU infrastructure, commanding a global presence with a first-mover advantage in Europe. Since its inception in 2020, NexGen Cloud has built one of the largest GPU fleets on the continent, fortified by the ownership of the most in-demand chips in the world, including NVIDIA H100 Tensor Core GPUs. NexGen Cloud is on a mission to democratise the accessibility of accelerated compute on a global scale by building a safer, greener, and more affordable cloud. The company's vision is to become the world's number one supplier of GPUaaS solutions through its cutting-edge platform, Hyperstack, whilst continuously supporting and expanding future technologies. All of NexGen Cloud's solutions are built with the aim of tackling three of the main concerns in the current cloud market – cost, transparency, and accessibility. For more information, visit About InFlux TechnologiesInFlux Technologies (Flux) powers a decentralized Web3 cloud infrastructure composed of user-operated, scalable, and globally distributed computational nodes. Flux provides the critical, high-availability infrastructure for the New Internet. The Flux service offers a fully decentralized alternative to some of the world's largest cloud infrastructure providers while offering competitive pricing. Flux is committed to developing disruptive solutions that empower individuals and businesses in the blockchain industry, emerging technologies like AI, and the broader technology space worldwide. For more information, visit Media Contact:Shannon BloodChief Marketing Officershannon@ 208.216.9180
