#London #United Kingdom #AI Infrastructure #Series C Funding #Nscale

Nscale Secures Historic $2 Billion in Series C Funding

On March 9, 2026, Nscale, a pioneering AI infrastructure hyperscaler based in the United Kingdom, announced that it had successfully raised a monumental $2 billion in its Series C funding round. This impressive achievement marks the largest funding round in European history, further establishing Nscale as a front-runner in the rapidly evolving AI landscape.

The funding was spearheaded by Aker ASA and 8090 Industries, with significant participation from notable investors, including Astra Capital Management, Citadel, Dell, Jane Street, Lenovo, Linden Advisors, Nokia, NVIDIA, and Point72. This significant influx of capital will facilitate the global acceleration of Nscale's vertically integrated AI infrastructure, which spans from GPU computing and networking to data services and orchestration software across Europe, North America, and Asia.

Josh Payne, the CEO and founder of Nscale, emphasized the transformative impact of AI on various industries, national economies, and overall strategies. He stated, "This is the fourth industrial revolution; the world is changing at a rapid pace. In the next five years, AI will be integrated into every industry, product, and job. It will accelerate drug discovery, enhance human longevity, automate travel and robotics, and significantly increase productivity, leading to massive growth. This is driving the largest infrastructure development in human history."

Strengthening the Leadership Team
In conjunction with the funding announcement, Nscale also revealed the appointment of three prominent figures to its Board of Directors: Sheryl Sandberg, Susan Decker, and Nick Clegg. These additions bring a wealth of expertise in technology, governance, and strategic operations to an already robust leadership team.

• - Sheryl Sandberg, the co-founder of Sandberg Bernthal Venture Partners and former COO of Meta, has extensive experience in scaling some of the world’s most influential tech companies. Her insights into operational strategies and global organization development are expected to be invaluable.
• - Susan Decker, CEO and co-founder of Raftr and former president of Yahoo, has decades of experience in media and technology, contributing a wealth of knowledge in financial acumen and strategic leadership.
• - Nick Clegg, General Partner at Hiro Capital and former Deputy Prime Minister of the UK, is known for his focus on spatial computing technologies and brings extensive expertise at the intersection of technology and policy.

The new board members will join existing members including Josh Payne, Rael Nurick, Jacob Leschly, and Øyvind Eriksen, reinforcing the collective aim to guide Nscale towards maintaining its leadership in AI infrastructure.

Strategic Union with Aker
Moreover, as part of the recent developments, Nscale has announced the full integration of its joint venture with Aker into its main operations, named Aker Nscale. This strategic move ensures streamlined governance and operational continuity under one unified entity. Aker will continue to be a major shareholder in Nscale, with Øyvind Eriksen remaining on the board.

Eriksen remarked, "This step enhances execution by integrating both delivery and governance into a single entity while ensuring the continuity of ongoing projects. We have complete confidence in Nscale's ability to operate responsibly over the long term in Norway, paving the way for accelerated progress and lasting value creation."

The Future of AI Infrastructure
As highlighted by Rayyan Islam, Co-founder and General Partner at 8090 Industries, we are entering a new era defined by AI technology, underscoring the importance of infrastructure in determining which nations and companies will lead in future technological and economic advancements. Nscale has established itself as a robust platform capable of addressing this challenge by integrating key layers of AI infrastructure from energy to data centers and orchestration.

With the involvement of Goldman Sachs and J.P. Morgan as joint placement agents, Nscale is well-positioned to leverage this series of funding—complementing its efforts to create foundational AI infrastructure that accommodates training, tuning, and enterprise-level AI inference on a massive scale. As a global hyperscaler, Nscale is dedicated to building the computational foundation essential for the future of AI.

About Nscale
Nscale is a global hyperscaler designed specifically for AI infrastructure, offering vertically integrated AI solutions and modular data center designs based on core principles. It aims to provide the computational foundation necessary for training and deploying enterprise AI at scale across Europe, North America, and other regions.