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Article: Nvidia-backed Nscale valued at $14.6 billion in fresh funding round

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British AI company Nscale has raised $2 billion in a Series C funding round, achieving a valuation of $14.6 billion. The round was led by Aker and 8090 Industries, with participation from Nvidia and several financial firms.

The funding will be used to expand its data-centre capacity to meet high demand from clients like Microsoft and OpenAI. The company is also preparing for a future IPO, having appointed Goldman Sachs and JPMorgan as underwriters.

Several high-profile tech executives, including former Meta leaders Nick Clegg and Sheryl Sandberg, will join Nscale's board. Founded in 2024, the company owns and operates its own data centres, GPUs, and software to provide large-scale AI computing.

Main topics: Nscale's funding round and valuation; its expansion plans and clients; its IPO preparations; and its new board appointments.

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https://economictimes.indiatimes.com/tech/funding/nvidia-backed-nscale-valued-at-14-6-billion-in-fresh-funding-round/articleshow/129324187.cms

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Tech-Economic Times

Published Date

2026-03-09 09:27

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2026-03-09 07:30

Processed Date

2026-03-09 07:31

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Nvidia-backed artificial intelligence group Nscale was valued at $14.6 billion after raising $2 billion in its latest funding round, the British company said on Monday. The Series C funding âround â was led â by Norway's Aker and 8090 Industries, and included Nvidia, Citadel, Dell , Jane Street, among others, the firm said in a statement.
Former Meta executives Nick Clegg and Sheryl Sandberg, and former Yahoo President Susan â Decker will âjoin the board of the AI firm, the company said. The funding â round comes ahead of the AI group's preparations for an initial public offering, for which Nscale Global has hired Goldman Sachs and JPMorgan as underwriters, sources told Reuters earlier this year.
The timeline for the potential listing has ânot yet been set, the sources had said. Founded in 2024, Nscale owns and operates its â own data centres, graphic processing units (GPUs), and software stack to deliver large-scale, GPU-powered AI compute.
The new funding will help it expand its data-centre capacity to meet soaring demand for AI computing from customers, including Microsoft and OpenAI.
Former Meta executives Nick Clegg and Sheryl Sandberg, and former Yahoo President Susan â Decker will âjoin the board of the AI firm, the company said. The funding â round comes ahead of the AI group's preparations for an initial public offering, for which Nscale Global has hired Goldman Sachs and JPMorgan as underwriters, sources told Reuters earlier this year.
The timeline for the potential listing has ânot yet been set, the sources had said. Founded in 2024, Nscale owns and operates its â own data centres, graphic processing units (GPUs), and software stack to deliver large-scale, GPU-powered AI compute.
The new funding will help it expand its data-centre capacity to meet soaring demand for AI computing from customers, including Microsoft and OpenAI.