Nvidia-backed Nscale valued at $14.6 billion in fresh funding round

2026-03-09 - 10:33

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.