Matt serves as Chief Investment Officer at Lyford and previously headed the UK operations of Sandton Capital Partners. He brings extensive board experience from multiple companies.
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."
Sandton Capital Partners led the oversubscribed round to support the hyperscaler's growth across Europe and North America.
"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."
The £10m Series A investment was led by Sandton Capital Partners to accelerate global expansion and product development.
"Our success in driving and evolving the dash cam category over the past five years has given us a very strong, market-leading position on which to build further. We have grown our business to date without external funding and as dash cams increasingly become an essential part of everyday driving we feel it is time to accelerate our plans. We see this investment as the route to expedite the roll-out of our cutting edge proprietary technology and our territory expansion, bringing this innovative technology to all drivers globally."
