Nscale raises $2 billion in Series C funding, reaching a $14.6 billion valuation

UK-based AI infrastructure startup Nscale secured $2 billion in Series C funding, the largest single equity raise in Europe's history, propelling its valuation to $14.6 billion. This funding, backed by investors including Nvidia, Lenovo, and Aker ASA, will be used to accelerate Nscale's global AI infrastructure buildout, including GPU compute and networking, across North America, Europe, and Asia. The company plans to add hundreds of megawatts of new capacity to its North American presence, exemplified by an $865 million 10-year colocation agreement for a planned data center in Madison, N.C.

Counterparts (9)

Investor

Dell

company

Dell Technologies is a global provider of information technology solutions, including servers, storage, networking, and client devices. It enables digital infrastructure for data centers, cloud computing, and AI across various industries worldwide, with approximately 120,000 employees.

NVIDIA

company · 5 deals

NVIDIA is a technology company specializing in accelerated computing, particularly in AI and digital twins. Their technologies are used across various industries, including automotive, healthcare, and manufacturing, with a focus on enabling sustainable computing through energy-efficient solutions.

C

Citadel

company

Citadel is a global financial institution operating as a hedge fund and market maker, managing approximately $63 billion in assets. It invests across a broad range of asset classes and sectors globally, including companies with exposure to infrastructure.

A

Astra Capital Management

company

San Francisco-based private equity firm with approximately $1 billion in assets under management, specializing in growth equity investments in communications and technology services, including digital infrastructure, primarily across North America.

Lenovo

company

Lenovo is a global technology company that develops, manufactures, and markets a wide range of products and services, including PCs, tablets, smartphones, servers, storage, and smart solutions. They are increasingly involved in providing infrastructure solutions, particularly in data centers and edge computing, to support digital transformation and smart infrastructure initiatives.

Nokia

company

Nokia focuses on providing end-to-end network solutions, including 5G, IoT, and other communication technologies. They are involved in building and upgrading infrastructure for telecommunications networks globally.

Aker ASA

company

Aker ASA is a Norwegian industrial investment company with a heritage dating back to 1841, focused on value creation through active ownership in its portfolio of industrial and technology companies. It holds significant stakes in energy (oil & gas, renewables, green hydrogen), maritime, and industrial software, employing over 30,000 people across its group.

Jane Street

company · 1 deals

Jane Street is a global liquidity provider and trading firm that uses sophisticated quantitative analysis and a deep understanding of market mechanics to help keep prices consistent and reliable. They are a research-driven trading firm where curious people work together on deep problems.

Developer

Nscale

company

Nscale is a hyperscale data center developer and operator focused on delivering critical digital infrastructure to the world's largest technology companies. The company aims to build a portfolio of next-generation, AI-ready data centers across North America, leveraging a strategic partnership with DigitalBridge.