A British artificial intelligence company backed by tech giant Nvidia announced Monday it has achieved a $14.6 billion valuation following a successful $2 billion fundraising effort.
Nscale secured the substantial investment through its Series C funding round, which was spearheaded by Norway’s Aker and 8090 Industries. The round also attracted participation from major players including Nvidia, Citadel, Dell, and Jane Street, according to the company’s announcement.
The AI firm is bringing notable leadership talent to its board, adding former Meta executives Nick Clegg and Sheryl Sandberg, along with former Yahoo President Susan Decker.
This significant funding comes as Nscale prepares for a potential stock market debut. Sources previously informed Reuters that the company has engaged Goldman Sachs and JPMorgan to serve as underwriters for a planned initial public offering, though no specific timeline has been established for the potential listing.
Established in 2024, Nscale operates its own data centers, graphics processing units, and software infrastructure to provide large-scale AI computing services powered by GPUs.
The fresh capital injection will enable the company to expand its data center capabilities to address the growing demand for AI computing services from major clients, including Microsoft and OpenAI.
