"Nscale, an artificial intelligence (AI) factory builder and key plank in the UK government's AI growth strategy, has announced $2bn of C-series funding. The announcement takes funding for the datacentre builder to just over $4.9bn in just over a year. The funding round is based on a valuation for Nscale of $14.6bn."
"Much of that is based on Nscale's datacentre development pipeline of more than 1.3GW of capacity. It has also reported it has contracted supply for 200,000 Nvidia GB300 graphics processing units (GPUs) and agreements to supply capacity for Microsoft via many of its planned sites."
"Key among these is its Loughton development in Essex, where 50MW scaling to 90MW of capacity - claimed as the UK's largest AI datacentre - using 23,000 GB300 GPUs is slated to go live in Q4 2026. Loughton is a combination of modular build for rapid deployment and fixed capacity, which will take longer to become available."
"Nscale acquired modular datacentre provider Kontena in mid-2024. A modular datacentre allows for prefabricated units that can be delivered in months, compared with fixed site builds that take 24 to 36 months."
Nscale, an AI factory builder central to UK government AI strategy, announced $2bn in C-series funding, reaching $4.9bn total funding in just over a year. The $14.6bn valuation reflects its substantial 1.3GW datacentre capacity pipeline and secured supply of 200,000 Nvidia GB300 GPUs. The company plans $2.5bn investment in UK datacentres through 2028, including its flagship Loughton facility in Essex—claimed as the UK's largest AI datacentre with 50-90MW capacity using 23,000 GB300 GPUs launching Q4 2026. Nscale combines modular and fixed datacentre approaches, leveraging its 2024 Kontena acquisition for rapid deployment. Additional capacity exists in Norway, Iceland, Slough, and North Carolina. Lead investors include Norwegian Aker ASA and US-based 8090 Industries, alongside Dell, Lenovo, Nokia, and Nvidia.
#ai-infrastructure #datacentre-development #funding-and-investment #gpu-supply-chain #uk-technology-strategy
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