Artificial intelligence group Nscale reached $14.6 billion in valuation after raising $2 billion in its latest funding round. This Series C funding round was led by Aker and 8090 Industries, and participants included Nvidia, Citadel, and Dell, the firm said in a statement. It also mentioned that former Meta executives Nick Clegg and Sheryl Sandberg, and former Yahoo President Susan Decker will join the board of the AI firm.
“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,” said Josh Payne, CEO and founder of Nscale. “Nscale is leading this buildout. We are building this foundation that the market sits on, the engine of superintelligence.”
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Nscale was founded in 2024, and swiftly emerged as a key player in the AI infrastructure industry, developing data centers and operating cloud computing services. It raised significant amounts of funding in the past year.
Nscale announced a $1.4 billion delayed draw term loan in February and a $1.1 billion Series B in September 2025. While the amount of funds raised during the Series B was not disclosed, a CNBC report claims that a source familiar with the matter said that the latest valuation was more than double the confidential valuation it achieved with the Series B.
The fresh funds are inclusive of the $433 million pre-Series C SAFE round in October.
Nscale said that the fresh funding would accelerate the company’s development of vertically integrated AI infrastructure — from GPU compute and networking to data services and orchestration software — across Europe, North America, and Asia.
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The startup, which operates data centers in the UK, the U.S., Norway, Portugal and Iceland has entered into partnerships with various Big Tech companies. It announced an “expanded partnership” with Microsoft in October 2025. It also partnered with OpenAI to launch a Stargate-branded AI data center in Norway.
The latest funding round comes ahead of Nscale’s preparations for an initial public offering, for which Nscale Global has hired Goldman Sachs and JP Morgan as underwriters, according to Reuters. The timeline for the potential listing has not yet been set.