Nscale to supply $3.5 billion AI cloud to Figure, invests in robotics startup

September 3, 2026 at 07:36 PM2 min

This digest was compiled by AI from multiple sources — links to the originals are below.

Nscale agreed to supply at least $3.5 billion in AI cloud computing to robotics startup Figure and made an undisclosed investment in the company. The deal uses Nvidia chips at a Barstow, Texas site starting in the second half of 2027, with intent to scale beyond $6 billion. Nvidia CEO Jensen Huang said the companies 'have activated the robotics flywheel.'

Key Facts

Nscale will supply at least $3.5 billion of AI cloud computing capacity to Figure, with intent to scale to more than $6 billion.
The cloud services will use Nvidia chips at a site in Barstow, Texas, beginning in the second half of 2027.
Nscale made an undisclosed investment in Figure and will serve as the startup's preferred compute provider.
Figure raised more than $1 billion in committed capital last year at a $39 billion valuation.
Nscale is seeking to raise as much as $3 billion in a US IPO that could take place as soon as September.

Deal Structure

Nscale will use Nvidia Corp. chips at a site in Barstow, Texas, to fulfill the contract beginning in the second half of 2027. The company noted an 'intent to scale' to more than $6 billion worth of computing. Nscale also made an investment in Figure that it said 'reflects a shared approach to vertically integrated AI' and will serve as the startup's 'preferred compute provider.'

Nvidia Connection

Nvidia is an investor in both Nscale and Figure. Nvidia CEO Jensen Huang said Nscale and Figure 'have activated the robotics flywheel.' Nscale's investment in a key customer mirrors Nvidia's practice of investing tens of billions of dollars in partners and customers and backstopping their chip purchases.

Company Profiles

Figure, founded in 2022, focuses on developing humanoid robots and raised more than $1 billion in committed capital last year at a $39 billion valuation. Nscale, based in London, is seeking to raise as much as $3 billion in a US initial public offering that could take place as soon as September.