The AI-native infrastructure platform provider has also appointed Sheryl Sandberg, Nick Clegg and Susan Decker to its board of directors.
UK-based AI infrastructure ‘hyperscaler’ Nscale is now valued at $14.6bn after raising $2bn in Series C funding.
The funding round was led by Aker ASA and 8090 Industries, and supported by Astra Capital Management, Dell, Jane Street, Linden Advisors, NVIDIA and others.
Nscale has also appointed three new directors to its board: former Meta and Google executive Sheryl Sandberg, former UK deputy prime minister and Meta global affairs president Nick Clegg, and former Yahoo president Susan Decker.
The Series C funding, which the company said is the largest such round in European history, will be used to accelerate its global development of vertically integrated AI infrastructure, including GPU compute, networking, data services and orchestration software, across Europe, North America and Asia.
Josh Payne, the CEO and founder of the London-based AI infrastructure provider, described the current global AI boom as driving “the largest infrastructure buildout in human history”, and said that over the next five years, AI would become “integrated into every industry, every product and every job”.
He added: “Nscale is leading this buildout. We are building this foundation that the market sits on, the engine of superintelligence.”
Nscale is an AI-native infrastructure platform provider offering vertically integrated compute, networking, storage, managed software and AI services via Nscale-owned and co-located data centres.
Rayyan Islam of investor 8090 Industries said that the “limiting factor” in “a new era defined by AI” is infrastructure.
He added: “Nscale has built a platform uniquely capable of solving this challenge by vertically integrating the critical layers of AI infrastructure — from energy and data centers to compute and orchestration.”
Nscale has existing deals with Microsoft around infrastructure for European and US data centres.
The current Series C funding was preceded by a $433m SAFE round last October and Europe’s largest ever Series B funding roundthe month before.
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