Key Highlights
- British AI infrastructure firm Nscale completed a $2 billion Series C financing round at a $14.6 billion valuation
- Norway’s Aker and 8090 Industries co-led the investment, joined by Nvidia, Citadel, Dell, and Jane Street
- Ex-Meta executives Nick Clegg and Sheryl Sandberg, plus former Yahoo President Susan Decker, are joining the board
- Goldman Sachs and JPMorgan have been appointed as IPO underwriters
- Capital will fund data centre expansion to support major clients including Microsoft and OpenAI
Nscale, a British artificial intelligence infrastructure company, has successfully closed a $2 billion Series C investment round, bringing its total valuation to $14.6 billion, according to an announcement made Monday, March 9.
Nscale, a UK AI data center and cloud infrastructure startup, raised $2B in Series C funding at a $14.6B valuation, led by Aker & 8090 Industries, alongside $NVDA, Lenovo & Nokia. The company rents out AI compute to customers and added Sheryl Sandberg and Nick Clegg to its board pic.twitter.com/h7YFno8CJm
— Wall St Engine (@wallstengine) March 9, 2026
The investment round saw Norwegian conglomerate Aker and 8090 Industries take the lead positions. Additional participants included technology and financial giants Nvidia, Citadel, Dell, and Jane Street.
Established in 2024, Nscale operates as a vertically integrated AI computing provider, maintaining ownership of its data centre facilities, GPU infrastructure, and proprietary software systems to deliver enterprise-scale artificial intelligence processing capabilities.
The company counts Microsoft and OpenAI among its client roster, serving two of the most prominent organizations driving AI innovation today.
Proceeds from this financing round will be allocated toward scaling Nscale’s data centre infrastructure to accommodate increasing market demand for AI computational resources.
The funding announcement also revealed three significant board appointments. Nick Clegg, a former Meta executive, along with Sheryl Sandberg, Meta’s former Chief Operating Officer, and Susan Decker, who previously led Yahoo as President, will all assume board positions.
Clegg departed his role as Meta’s Vice President of Global Affairs in 2024, while Sandberg concluded her 14-year tenure as Meta’s COO in 2022.
Public Offering Preparations Underway
This substantial funding round arrives as Nscale lays groundwork for an eventual stock market debut. The firm has secured Goldman Sachs and JPMorgan to serve as lead underwriters for the anticipated initial public offering.
Reuters reported earlier this year that no definitive schedule has been established for the public listing.
A successful IPO would provide Nscale with additional capital resources amid intensifying competition within the AI infrastructure sector.
Nvidia’s Strategic Investment
Nvidia’s involvement in this funding round carries particular strategic significance. The semiconductor manufacturer has been systematically investing in AI infrastructure providers that depend on its GPU technology to deliver their services.
Given that Nscale’s entire business framework centers on GPU-based computational power, Nvidia emerges as a logical strategic investor.
Dell’s participation also reflects its growing commitment to AI infrastructure through its hardware manufacturing and server operations.
Aker, the Norwegian industrial conglomerate that spearheaded the round, has been strategically expanding its portfolio into technology sectors and energy transition initiatives.
8090 Industries partnered with Aker to co-lead the investment, although the firm maintains a more modest public presence compared to other participating investors.
While Nscale has not publicly released revenue data, the $14.6 billion valuation underscores robust investor confidence in companies building the foundational infrastructure that enables AI model operations.
According to the company, IPO preparation activities continue, with Goldman Sachs and JPMorgan already retained as lead underwriters for the offering.
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