Finance
Nvidia-backed UK AI firm nscale raises $2 billion in funding round
Published by Global Banking & Finance Review®
Posted on March 9, 2026
2 min readLast updated: March 9, 2026
Quick Summary
Nscale, a UK‑based AI infrastructure firm backed by Nvidia, raised $2 billion in a Series C round at a valuation of $14.6 billion—with backing from Aker ASA, 8090 Industries, Nvidia and others—to accelerate global rollout of its AI compute platform.
Nvidia-backed Nscale valued at $14.6 billion in fresh funding round
Nscale’s Latest Funding and Strategic Developments
Valuation and Investment Details
March 9 (Reuters) - 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 round was led by Norway's Aker and 8090 Industries, and included Nvidia, Citadel, Dell, Jane Street, among others, the firm said in a statement.
Board Appointments
Former Meta executives Nick Clegg and Sheryl Sandberg, and former Yahoo President Susan Decker will join the board of the AI firm, the company said.
IPO Preparation and Timeline
The funding 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.
Potential Listing Schedule
The timeline for the potential listing has not yet been set, the sources had said.
Company Background and Expansion Plans
Founding and Infrastructure
Founded in 2024, Nscale owns and operates its own data centres, graphic processing units (GPUs), and software stack to deliver large-scale, GPU-powered AI compute.
Growth Strategy
Expansion of Data-Centre Capacity
The new funding will help it expand its data‑centre capacity to meet soaring demand for AI computing from customers, including Microsoft and OpenAI.
(Reporting by Ruchika Khanna in Bengaluru; Editing by Harikrishnan Nair)
Key Takeaways
- •The $2 billion Series C is the largest ever funding round for a European AI infrastructure company, valuing Nscale at $14.6 billion. (nscale.com)
- •Key strategic investors include Aker ASA, 8090 Industries, Astra Capital, Citadel, Dell, Jane Street, Lenovo, Nokia, Point72 and NVIDIA. (nscale.com)
- •The capital will fuel deployment of vertically integrated AI infrastructure—from GPUs and networking to orchestration—across Europe, North America and Asia. (nscale.com)
References
Frequently Asked Questions about Nvidia-backed UK AI firm Nscale raises $2 billion in funding round
1How much funding did Nscale raise in its latest round?
Nscale raised $2 billion in its latest funding round.
2What is Nscale's current valuation after the funding round?
After the funding round, Nscale is valued at $14.6 billion.
3Which major company backs the UK AI firm Nscale?
Nvidia backs the UK-based AI firm Nscale.
4Who reported on Nscale's funding announcement?
The funding announcement was reported by Ruchika Khanna in Bengaluru.