Nscale, a British AI infrastructure startup backed by Nvidia, has secured a $2 billion funding round, propelling its valuation to $14.6 billion. The company’s focus on providing scalable AI compute has positioned it as one of Europe’s prominent decacorns.
Nscale’s recent Series C round included investments from Blue Owl, Dell, Nvidia, and Nokia, among others. CEO Josh Payne has hinted at a potential IPO, aiming to leverage public markets for additional capital.
The company has also attracted high-profile board members, such as former Meta COO Sheryl Sandberg, former Yahoo president Susan Decker, and former U.K. deputy prime minister Nick Clegg, signaling its commitment to strong governance and strategic guidance.
One of Nscale’s significant projects, ‘Stargate Norway,’ a collaboration with Aker, aims to deploy 100,000 Nvidia GPUs by the end of 2026. This endeavor, with OpenAI as an initial customer, underscores Nscale’s position in the AI infrastructure landscape.
Source: TechCrunch