Published by Global Banking & Finance Review®
Posted on March 9, 2026
2 min readLast updated: April 1, 2026
Add as preferred source on GoogleNscale, 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.
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.
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.
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.
The timeline for the potential listing has not yet been set, the sources had said.
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.
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)
Nscale raised $2 billion in its latest funding round.
After the funding round, Nscale is valued at $14.6 billion.
Nvidia backs the UK-based AI firm Nscale.
The funding announcement was reported by Ruchika Khanna in Bengaluru.
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