Nscale sets European record: 2 billion raised in funding round

"Nscale has now raised over $4.5 billion across equity rounds in less than six months. The capital funds Nscale's vertically integrated AI infrastructure, consisting of GPU compute, networking, data services, and orchestration software, with expansion planned across Europe, North America, and Asia."

"Three new directors join Nscale's board: Sheryl Sandberg, former COO of Meta and early executive at Google; Susan Decker, former President of Yahoo and current board member at Berkshire Hathaway and Costco; and Nick Clegg, former UK Deputy Prime Minister and former President of Global Affairs at Meta."

"The company signed a major contract with Microsoft to construct four AI data centers across Europe and the US. The company also partnered with Aker ASA on Stargate Norway, a 230 MW data center in Narvik running entirely on renewable energy."

Nscale, a UK-based AI infrastructure company, has secured $2 billion in Series C funding, marking the largest funding round in European history and valuing the company at $14.6 billion. The round was led by Aker ASA and 8090 Industries, with participation from Nvidia, Dell, Citadel, and Nokia. The company has raised over $4.5 billion across equity rounds in less than six months. Three prominent executives joined Nscale's board: Sheryl Sandberg (former Meta COO), Susan Decker (former Yahoo President), and Nick Clegg (former UK Deputy Prime Minister). The capital supports Nscale's vertically integrated AI infrastructure platform, including GPU compute, networking, data services, and orchestration software. Nscale has signed a major contract with Microsoft to build four AI data centers across Europe and the US, and partnered with Aker on Stargate Norway, a 230 MW renewable energy-powered data center.

Read at Techzine Global