AI hyperscaler Nscale raises $2bn Series C at $14.6bn valuation

Nscale, a UK-based company specializing in AI infrastructure, has secured $2 billion in Series C funding at a valuation of $14.6 billion.

The funding round was led by Norwegian industrial investment firm Aker and US-based investment firm 8090 Industries.

Other participants in the round included Astra Capital Management, Citadel, Dell, Jane Street, Linden Advisors, Lenovo, Nokia, Nvidia, and Point72.

Launched from scratch in May 2024, Nscale focuses on developing sustainable, AI-ready data centers.

The company deploys large-scale graphics processing unit (GPU) infrastructure and provides high-performance AI cloud services. This end-to-end approach allows Nscale to co-design its data centers and GPU superclusters to deliver extraordinary speed, performance and efficiency for AI workloads.

Nscale plans to use the Series C proceeds to advance the development of integrated AI infrastructure across Europe, North America, and Asia.

AI Hyperscaler said the additional funds will allow it to increase the capacity of its infrastructure and expand its engineering and operations teams.

Nscale aims to further strengthen its platform for production-scale AI deployment in multiple areas.

As part of this announcement, Nscale announced three new appointments to its board of directors, adding Sheryl Sandberg, Susan Decker and Nick Clegg.

Sandberg is currently the co-founder of Sandberg Bernthal Venture Partners. She previously served as chief operating officer at Meta and held executive roles at Google.

Decker is the CEO and co-founder of Rafter, as well as the former president of Yahoo! She is a current board member for several major companies including Costco Wholesale and Berkshire Hathaway.

Clegg is a general partner at Hero Capital with previous roles including Deputy Prime Minister of the UK and Head of Global Affairs at Meta.

These new directors join current board members Josh Payne, Riel Norick, Jacob Lashley, and Ovind Erickson.

Aker President and CEO Ovind Eriksson said: “This step strengthens execution by putting delivery and governance under one roof, while providing continuity for the people and projects already underway.

“We have full confidence in Nscale’s ability to deliver responsibly in Norway for the long term, and we believe it is poised for rapid growth and sustainable value creation.”

In addition to the board changes, Nscale has signed an agreement with Aker to fully integrate their Aker Nscale joint venture, announced in July 2025, into an AI infrastructure company.

Aker will remain a significant shareholder in Nscale.

All projects under the previous joint venture will continue under Nscale management after this merger.

Aker also led Nscale’s Series B round in September 2025, which raised $1.1 billion. In late 2024, the AI ​​hyperscaler raised $155 million in its Series A round led by Sandton Capital Partners.

Last October, Nscale signed an expanded multi-year agreement with Microsoft to deploy around 200,000 Nvidia GB300 GPUs as part of its Hyperscale AI infrastructure rollouts across Europe and the US.

Under the deal, Nscale will provide Microsoft with Nvidia-based AI infrastructure services, while supporting EU-specific data governance requirements for local customers. The agreement builds on Nscale and Microsoft’s September 2025 announcement to build the UK’s largest Nvidia AI supercomputer at Nscale’s Luton AI campus.

“AI Hyperscaler Nscale Raises $2bn Series C at $14.6bn Value” was originally developed and published by Verdec, a brand owned by Global Data.

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