Nscale

Nscale, a London-based AI data centre firm, has successfully secured $1.1 billion (£824 million) in a Series B funding round. This significant investment, led by Norwegian investor Aker ASA with support from existing stakeholders NVIDIA and Dell, represents a record total for the UK and European markets.

Summary of transaction details:

• Value: £824 million
• Sector: DeepTech & AI
• Advisor: Not mentioned
• Key Entities: Nscale (Target), Aker ASA (Lead Investor), NVIDIA, Dell (Investors)
• Location: London, UK (Headquarters)

Note: This funding is earmarked to further Nscale's global deployment of large-scale AI infrastructure, including the rapid rollout of data centres and expansion of its vertically integrated AI cloud platform. The investment underscores the strategic importance of robust physical infrastructure in supporting the evolving AI landscape and positions Nscale to meet the growing demand for AI compute and services.