Nscale Raises the largest Series B in European history, at $1.1 Billion

Nscale, a full-stack, scalable, and sustainable AI cloud platform, led by Josh Payne, Alex Sharp, David Power, Daniel Bathurst, and others, has secured $1.1 Billion in Series B led by Aker ASA, with continued support from existing shareholders, including Sandton Capital, and participation from Blue Owl Managed Funds, Dell, Fidelity Management & Research Company, G Squared, Nokia, NVIDIA, Point72 and T.Capital.

Headquartered in the UK with a global footprint, Nscale is an AI-native infrastructure platform offering vertically integrated compute, networking, storage, managed software, and AI services from its own and colocated data centres. Focused on meeting surging enterprise GPU demand, its strategically located facilities leverage some of the lowest-cost renewable energy in the world, delivering savings to customers while complying with strict regulations. From large-scale hubs in Norway to latency-optimized metro clusters, Nscale’s next-generation facilities are faster and more cost-efficient than industry benchmarks.

The company is rapidly deploying large-scale AI infrastructure across Europe, North America, and the Middle East, including “AI factory” data centres like Stargate UK and Stargate Norway, while expanding its vertically integrated AI cloud platform and engineering and operations teams to support enterprise and government customers worldwide.

Nscale, led by a team experienced in building 50+ data centres and supercomputing platforms, combines a massive GPU pipeline with proven execution to deliver AI infrastructure at global scale.

The company is expanding across the AI stack with fine-tuning services, inference APIs, AI Studio, and private cloud solutions. Key projects include the UK’s largest AI supercomputer at Loughton with Microsoft, Stargate UK with OpenAI and NVIDIA, and Stargate Norway with Aker ASA, targeting 100,000 GPUs by 2026. Nscale is also partnering with Dell to support sovereign AI across Europe.