NexGen Cloud operates a GPU cloud platform called Hyperstack that manages thousands of GPUs to deliver AI compute capacity and an AI-as-a-Service cloud solution. The company has developed its own API to enable channel partners to offer enterprise-grade AI compute through Hyperstack. Its platform serves customers including Red Hat, Ingenix.AI, Tyne, and ArchiLabs across sectors such as software development, clinical trials, and AEC design. NexGen has positioned itself as an early leader in GPU cloud computing and emphasizes reliable performance and support. The company will use the newly raised funds to scale hyperscale infrastructure globally and to establish sovereign AI capabilities in Europe. It also plans to expand its Full Stack Cloud capabilities to support production-ready AI applications for enterprises. NexGen Cloud is a Marbella, Spain-based Web 3.0-focused infrastructure-as-a-service company led by founder and director Chris Starkey. The company builds decentralized storage operations on the Filecoin network and operates GPU-intensive cloud infrastructure for AI, rendering, machine learning and medical research. Its storage arm is described as the largest Filecoin decentralized project in Europe, comprising two Tier III data-centre sites in Belgium and the Netherlands. Over the year this project will provide over 100 petabytes of data storage aimed at managed service providers, businesses and consumers seeking affordable, secure storage. NexGen Cloud is working with Protocol Labs to improve data onboarding to Filecoin and integration with platforms such as AWS S3, Azure and Rubrik. The company raised $14M through a swap agreement with DARMA Capital and plans to expand into the UK, France, Spain and Portugal in 2022/23.

Total raised

$59M

Funding rounds

2

Latest round

Series A

Latest activity

Apr 2025