Nscale buys Anyscale as it seeks to own more of the AI compute stack

Anyscale, which was valued at $1.38 billion in a 2022 Series C round, said its revenue increased by 70% in its most recent quarter, compared to the previous sequential quarter.

Nscale said Anyscale will continue to operate under its own branding and serve its existing customers. The startup’s about 200 employees are all joining Nscale.