Nscale to buy Anyscale for about $1.65 billion

Nscale said on July 30 it will acquire Anyscale, the software startup behind the Ray framework for distributing AI workloads across GPU clusters, in a deal valued at roughly $1.65 billion. The transaction is expected to close in the second half of 2026, subject to regulatory approvals, and Anyscale’s roughly 200 employees will join Nscale while the brand continues operating independently and serving its existing customers. The deal builds on Nscale’s strategy of expanding beyond raw compute into the software layer used to train and run AI systems, after its March 2026 Series C funding round valued the company at $14.6 billion and included participation from Nvidia. In the same month, Nscale completed the acquisition of American Intelligence & Power Corporation, gaining a West Virginia microgrid with capacity of more than 8 GW. Anyscale has historically raised about $259 million and counts Coinbase among its customers, highlighting the relevance of Ray’s multi-cloud workload orchestration for companies that want to avoid vendor lock-in and single points of failure. The tie-up underscores how AI infrastructure groups are seeking strategic control over both power and compute as demand from AI and energy-intensive digital industries grows.