Nscale raises £121m in Series A funding led by Sandton Capital Partners to expand AI infrastructure
Sandton Capital Partners led the oversubscribed round to support the hyperscaler's growth across Europe and North America.
Nscale is an AI native infrastructure platform providing vertically integrated compute, networking, storage, managed software and AI services. The business operates a portfolio of data centres and delivers advanced supercomputing platforms for the generative AI market.
Nscale has secured £121m in Series A funding led by Sandton Capital Partners to expand its AI infrastructure across Europe and North America. The oversubscribed round also drew participation from Kestrel, Bluesky Asset Management, and Florence Capital.
The capital will support the company as it scales its operations to meet surging demand for large scale compute. Nscale develops sustainable data centres and high performance GPU infrastructure designed specifically for artificial intelligence workloads.
The latest financing follows a period of rapid growth for Nscale, which launched from stealth earlier in 2024. The firm has expanded its pipeline of greenfield sites significantly and continues to secure major industry partnerships to deploy its technology globally.
From the founder
"The AI market is scaling rapidly, and so are we. Nscale manages every layer of infrastructure in the value chain to meet the intensive needs of large-scale AI customers. In particular, the largest risk to the market’s ability to scale is the large contiguous tranches of electricity required to power these large GPU superclusters. Nscale has a 1.3GW pipeline of sites in our portfolio, which allows us to design from the ground up, the data centre, the supercluster and the cloud environment end-to-end for our customers. This means we can deploy bespoke GPU clusters tailored to customers’ requirements, do this faster than competitors and at any scale, all while delivering superior unit economics. With the support of our investors, we can now reach more customers globally with bespoke designed, sustainable and cost-effective AI infrastructure that unlocks new AI capabilities, products, and services."
Joshua Payne
CEO at Nscale
Investor perspective
"We are excited to double down on our investment in Nscale with our lead investment in the Series A round. With a notable founder track record, established industry partnerships, and a unique vertically integrated approach, Nscale is building the hyperscale AI platform to power enterprise AI at scale."
Rael Nurick
Co-Founder, Sandton Capital Partners
Use of funds
- 01Build out infrastructure
- 02Expand into international markets
