NexGen Cloud, a UK-based leader in AI infrastructure, has raised $45 million in Series A funding, valuing the company at $354 million. This strategic investment, backed by high-net-worth individuals and private trusts, sets the stage for a major expansion of the company’s sovereign AI capabilities across Europe.
Hyperstack’s Meteoric Growth Fuels Expansion
Launched in 2023, NexGen Cloud’s flagship platform, Hyperstack, has already brought in £72 million in revenue through 2024. This impressive performance was driven by a 380% increase in AI cloud-related income and an eye-popping 2,272% spike in transaction volume. With consistent 90% GPU utilization, Hyperstack is meeting high enterprise demand for scalable, on-demand AI compute resources.
More than 10,000 users—including major players like Red Hat, Tyne, Ingenix.AI, and ArchiLabs—are actively leveraging Hyperstack for advanced AI-driven workloads. Its reliability and high-performance computing are helping businesses streamline operations and accelerate innovation.
Custom-Built Infrastructure & Strategic Partnerships
NexGen Cloud stands out in the GPU cloud space by developing its own API. This allows partners to deliver scalable compute directly through Hyperstack, which has become integral to sectors such as software development, AI-powered architectural design, and clinical research.
Ed Goode, CEO of Shadeform, praised the company’s performance, stating that NexGen’s infrastructure has been “first class” and instrumental to their growth. Their dependable GPU servers and exceptional technical support have made them an ideal partner for scaling cloud marketplaces.
Building the Backbone of European AI
With the new capital, NexGen Cloud plans to significantly expand its infrastructure to meet growing AI demand. The company is enhancing its Full Stack Cloud to support production-grade AI applications for enterprises and public sector organizations. This expansion is a key step in reinforcing Europe’s digital sovereignty.
Among upcoming innovations is the launch of Fine-Tuning-as-a-Service, designed to simplify the customization of machine learning models and optimize resource allocation across clusters. These services aim to make advanced AI capabilities more accessible while maintaining data privacy and security.
Shaping the Future of Enterprise AI in Europe
NexGen Cloud’s roadmap includes robust partnerships, expanded AI product offerings for full-cycle development, and new services like serverless inference on dedicated virtual machines. These developments are expected to drive digital transformation at scale across industries and governments in Europe.
Chris Starkey, CEO and co-founder of NexGen Cloud, emphasized the importance of the funding round: “This investment significantly advances our mission to become the infrastructure backbone for AI-powered solutions throughout Europe.”
As demand for reliable and scalable AI compute intensifies, NexGen Cloud continues to lead with innovation, trust, and performance. Their mission aligns with broader efforts to transform enterprise data strategies across the continent.
Conclusion
With fresh funding, a growing user base, and a clear roadmap, NexGen Cloud is well-positioned to define the next chapter of AI infrastructure in Europe—one that is sovereign, secure, and built for scale.
