Nscale announces Europe's largest Series C, Sheryl Sandberg and Nick Clegg join its board
Nscale raised $2 billion in Europe's largest Series C at a $14.6 billion valuation to accelerate AI infrastructure buildout globally. In parallel, Nscale announced the appointment of Sheryl Sandberg, Nick Clegg, and Susan Decker to its board.
UK-based AI infrastructure hyperscaler Nscale announced a $2 billion Series C funding round—the largest in European history—valuing the company at $14.6 billion. The round was led by Aker ASA and 8090 Industries, with participation from Astra Capital, Citadel, Dell, Jane Street, Lenovo, Nokia, Nvidia, and Point72.
Founded in 2024, Nscale provides vertically integrated AI infrastructure, from GPU compute and networking to data services and orchestration software. The company is a key partner for OpenAI, Microsoft, and Nvidia, providing infrastructure for OpenAI's Stargate data centers in Norway and the UK.
The funding follows a $1.4 billion loan secured earlier this year for GPU purchases and a $1.1 billion Series B round. Nscale will use the capital to accelerate global AI infrastructure deployments across Europe, North America, and Asia.
Alongside the funding announcement, Nscale appointed three prominent tech leaders to its board: Sheryl Sandberg (former Meta COO and co-founder of Sandberg Bernthal Venture Partners), Susan Decker (former Yahoo president), and Nick Clegg (former UK deputy prime minister and ex-Meta president of global affairs, now general partner at Hiro Capital).
Ellie Ramirez-Camara is the News Editor at Data Phoenix, where she writes the daily AI newsdesk — covering model releases, research, funding rounds, and policy across the AI and machine-learning industry. She tracks announcements from labs and startups alike and distills them into clear, source-linked reporting for practitioners.
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