Nscale

AI hyperscaler Nscale, a London-based large-scale cloud provider specializing in AI data centers, has secured $2 billion (£1.5 billion) in a Series C funding round. This substantial capital infusion will be directed towards expanding its AI infrastructure platform across Europe, North America, and Asia, further solidifying its integral role in the global AI ecosystem. This landmark investment, led by Aker ASA and 8090 Industries, represents the largest Series C round in European history and values Nscale at $14.6 billion.

Summary of transaction details:

• Value: £1.5 billion (Series C Funding)
• Sector: Artificial Intelligence, Cloud Infrastructure, Data Centers, AI-native Infrastructure
• Advisor: Not Disclosed
• Key Entities: Nscale (Target), Aker ASA and 8090 Industries (Lead Investors); Supporting Investors: Astra Capital Management, Citadel, Dell, Jane Street, Lenovo, Linden Advisors, Nokia, NVIDIA, Point72
• Location: London (Target HQ), Global Expansion (Funding Use)

Note: This significant Series C round is set to significantly accelerate Nscale's global expansion and development of its vertically integrated AI infrastructure. The strategic additions to its board, including Nick Clegg, Sheryl Sandberg, and Susan Decker, highlight a strong focus on leadership and expertise to navigate the rapidly evolving AI landscape and capitalize on the massive infrastructure buildout predicted for the coming years.Nscale's rapid growth and strategic support from industry giants like NVIDIA and OpenAI underscore its potential to be a foundational component of the accelerating global AI revolution, described by its CEO as the "fourth industrial revolution".