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Nokia

Corporate

Portfolio

1

companies

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By category

  • AI/ML£2.6B

By location

  • United States£2.6B

Portfolio companies

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Nscale

Neocloud provider delivering large scale GPU infrastructure for artificial intelligence workloads.


Team

Justin Hotard

Justin Hotard

President and CEO

Justin serves as president and chief executive officer at Nokia. He previously held senior leadership roles at Intel Corporation and Hewlett Packard Enterprise.

LinkedIn

Recent investments

Series C
$2.0B

The capital will be used to expand the AI infrastructure platform globally and grow internal teams.

"This is the fourth industrial revolution; the world is changing at a rapid pace. Over the next 5 years, Artificial Intelligence will be integrated into every industry, every product, and every job. Accelerating drug discovery, extending human life, autonomizing travel and robotics, lifting productivity, and driving massive growth. This is leading to the largest infrastructure buildout in human history,"
— Josh Payne, Founder
Series B
£819M

The financing round was led by Aker ASA with participation from multiple international technology firms and financial institutions.

"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