Nscale raises £818.5m in Series B funding led by Aker ASA to expand global artificial intelligence infrastructure.
The financing round was led by Aker ASA with participation from multiple international technology firms and financial institutions.
Nscale builds and operates artificial intelligence infrastructure and GPU data centres.
Nscale has secured £818.5m in Series B funding to scale its artificial intelligence infrastructure across Europe, North America and the Middle East. The financing round was led by Aker ASA, with continued backing from existing investor Sandton Capital and participation from several global technology firms and financial institutions. The capital will be deployed to expand large-scale data centres, accelerate engineering and operations, and roll out advanced cloud services. This transaction represents one of the largest private funding events for an artificial intelligence infrastructure provider in the region.
From the founder
"We are building the AI-native Infrastructure platform of tomorrow. AI is reshaping industries, economies, and national strategies – but it cannot happen without the physical backbone: the data centres, the GPUs and the software to orchestrate them. We are building a vertically integrated, AI-engineered foundation designed to power the next generation of technological change, enabling industries and innovators across the globe to achieve what today feels impossible."
Josh Payne
Founder at Nscale
Investor perspective
"AI is reshaping the global economy and redefining the value of renewable energy. With Nscale, we’re backing infrastructure that’s sovereign, scalable and purpose-built to accelerate this transformation. Nscale’s full-stack, GPU-first model gives it a real edge in execution. The scale and quality of this Series B round are a testament to Nscale’s vision and momentum – and to the strength of our collaboration. Through both our Series B investment and joint venture, we’re making a significant, long-term commitment to building industrial relevance in the age of AI."
Øyvind Eriksen
President & CEO, Aker ASA
Use of funds
- 01Build out infrastructure
- 02Grow the team
- 03Expand into international markets
Investors
Øyvind Eriksen
Aker ASA
Sandton Capital
Blue Owl
Adrian McDonald
Dell
Fidelity Management & Research Company
Larry Aschebrook
G Squared
Justin Hotard
Nokia
NVIDIA
Point72
T.Capital