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4 months ago

Version History

Version 24 months ago

What changed: Updated the story to identify the funding as a Series C round, name the lead investors (Aker ASA and 8090 Industries), and detail geographic expansion plans across Europe, North America, and Asia.

Version 14 months ago

What changed: The story was updated to clarify the specific nature of Nscale's infrastructure, focusing on data center construction and cloud-based compute resources.

StocksMediumUpdated×2•Originally published 9 March 2026•Updated 9 March 2026•

1 min read

Nscale Raises $2 Billion in Series C Led by Aker ASA to Expand AI Infrastructure

Key Facts

1British AI group Nscale raised $2 billion in a funding round.

2The company's valuation reached $14.6 billion following the round.

3The company is backed by the American chip giant Nvidia.

British AI firm Nscale has successfully raised $2 billion in a Series C funding round, propelling its valuation to $14.6 billion. The round was led by Aker ASA and 8090 Industries, with continued strategic backing from US chipmaking giant Nvidia. Nscale plans to utilize the new capital to expand its cloud platform and specialized AI data centers across Europe, North America, and Asia. This expansion is designed to meet the surging global demand for high-performance computing resources required to run advanced AI models. The massive capital injection underscores sustained investor appetite for the physical infrastructure underpinning the AI revolution. Furthermore, the move strengthens Nvidia's strategic ecosystem and its broader influence over the future of global AI compute.

Sources:

reuters.com

channelnewsasia.com

nscale.com