AI infrastructure startup Nscale has secured $2 billion in new funding, pushing its valuation to $14.6 billion as global demand for artificial intelligence infrastructure continues to accelerate.
The funding came through a Series C round led by Norwegian investment company Aker ASA and venture firm 8090 Industries. Major participants included Nvidia, Astra Capital Management, Citadel, Dell Technologies, Jane Street, Lenovo, Linden Advisors, Nokia, and Point72. Founded in 2024 and headquartered in the United Kingdom, Nscale focuses on building large-scale AI infrastructure. Its services include high-performance data centers, cloud-based access to AI compute, and integrated networking and software tools designed for advanced AI workloads.
The new capital will be used to expand Nscale’s vertically integrated AI infrastructure platform. The company plans to scale operations across Europe, North America, and Asia while strengthening capabilities ranging from GPU compute clusters to data services and orchestration software.
As part of the announcement, Nscale also revealed three new additions to its board of directors: former Meta COO Sheryl Sandberg, former U.K. Deputy Prime Minister and Meta executive Nick Clegg, and former Yahoo President Susan Decker. Nscale has experienced rapid growth since launching, fueled by strong investor interest in AI infrastructure. In February, the company announced a $1.4 billion delayed draw term loan, following a $1.1 billion Series B funding round in September. The latest funding total also includes a $433 million pre-Series C SAFE round completed in October.
CEO and founder Josh Payne described the surge in AI infrastructure investment as part of a historic shift in technology development. He said the company is helping build the foundational systems that will power the next generation of AI capabilities.
Nscale already operates data centers in several countries, including the United Kingdom, the United States, Norway, Portugal, and Iceland. The company has also formed partnerships with major technology firms. In October, Nscale expanded its collaboration with Microsoft in a deal reportedly worth $14 billion. Earlier in the year, it partnered with OpenAI to launch a Stargate-branded AI data center project in Norway.
The startup has previously confirmed that it is considering an initial public offering as it continues to expand its global AI infrastructure footprint.
