Scale up: Nscale acquires Anyscale to bolster its neocloud software stack

Nscale, a UK neocloud provider, acquired Anyscale, the company behind the open-source Ray project, for $1.65 billion according to Bloomberg, to help customers run distributed AI workloads at scale. The deal, announced Thursday, aims to bolster Nscale's software stack beyond GPU rentals as the AI boom continues.

nscale /tag/nscale/ If the neoclouds want to build lasting businesses that outlive the AI boom, they'll need to offer more than just GPUs for rent. Most companies need help running distributed AI workloads at scale, and Nscale just acquired the company behind a popular open-source tool for doing just that. The UK neocloud announced Thursday https://www.nscale.com/press-releases/nscale-acquires-anyscale?ref=thestack.technology that it has acquired Anyscale, founded by a team of engineers that developed the Ray project https://www.ray.io/?ref=thestack.technology . Terms of the deal were not disclosed; Bloomberg reported https://www.bloomberg.com/news/articles/2026-07-30/nscale-to-buy-ai-software-startup-anyscale-for-1-65-billion?ref=thestack.technology that Nscale forked over $1.65 billion for the startup, which had raised $259 million in funding. Get the full story: Subscribe for free Join peers managing over $100 billion in annual IT spend and subscribe to unlock full access to The Stack’s analysis and events. Subscribe now https://www.thestack.technology/membership/ Already a member? Sign in https://www.thestack.technology/signin/