BEAMSTART Logo

HomeNews

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

GlobeNewswire LogoGlobeNewswire2w ago

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

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.

or

Article Details

Author / Journalist: NexGen Cloud

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-08 @ 13:48:00 (2 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

View Article Analysis

About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 26 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 13 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "NexGen Cloud Secures $45 Million in Series A Funding to Expand Sovereign AI Infrastructure in Europe" has 372 words across 18 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Which news outlet covered this story?

The story "NexGen Cloud Secures $45 Million in Series A Funding to Expand Sovereign AI Infrastructure in Europe" was covered 2 weeks ago by GlobeNewswire, a news publisher based in China.

How trustworthy is 'GlobeNewswire' news outlet?

GlobeNewswire is a fully independent (privately-owned) news outlet established in 1998 that covers mostly technology news.

The outlet is headquartered in China and publishes an average of 26 news stories per day.

It's most recent story was published 13 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #27728483
  • URL: https://apeiron.beamstart.com/news/nexgen-cloud-secures-45-million-17441202101166

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2025 BEAMSTART. All Rights Reserved.