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Nscale

Full-stack AI cloud infrastructure provider operating renewable-energy-powered GPU data centers across Europe. Nscale offers on-demand access to large-scale NVIDIA GPU clusters for AI training and inference, with a focus on sustainable computing and European data sovereignty. Positioned as a key player in building sovereign AI infrastructure outside US hyperscalers.

AI Infrastructure
GPU Cloud
Total Raised
$8.6B
Last Reported Valuation
$14.6B
Series C, Mar 2026
Headquarters
London, United Kingdom

Overview

Nscale provides full-stack AI cloud infrastructure including GPU compute, storage, networking, inference endpoints, fine-tuning, and Kubernetes/Slurm clusters. The company operates data centers in Norway (powered by 100% renewable energy in the Arctic Circle), the UK, Iceland, Portugal, and the US (Texas, North Carolina). Nscale raised $2 billion in Series C funding — the largest in European history — to expand its sovereign AI infrastructure.

Funding History

7 rounds · May 2024 – Sep 2026
$8.6B
Total Raised
7
Cumulative: $8.6B

Nscale closes $3B debt package to power AI infrastructure buildout across the US

Investors not disclosed
Source
6
Cumulative: $5.6B

Nscale secures $1.4B, Proxima Fusion lands €411M, and Invest Europe sees VC rebound

Investors not disclosed
Source
5
Cumulative: $4.2B

Nscale banks $900M from J.P. Morgan and Goldman Sachs: Is AI infrastructure debt the next bubble?

J.P (Lead)
Source
4
Valuation: $14.6B
Cumulative: $3.3B

Nscale’s $2B Series C makes it Europe’s most valuable AI infrastructure startup

Aker ASA (Lead)8090 Industries (Lead)CitadelDellJane StreetLenovoNVIDIANokiaPoint72
Source
3
Cumulative: $1.3B

Nscale raised Series B financing to accelerate deployment of large-scale AI infrastructure and GPU cloud capacity.

Aker ASA (Lead)
2
Cumulative: $185M

Nscale raised Series A funding to expand its AI cloud platform and data-centre footprint across Europe and North America.

Sandton Capital Partners (Lead)
1
Cumulative: $30M

Nscale announced seed funding alongside its launch from stealth to build out sustainable AI cloud infrastructure and GPU capacity.

Investors not disclosed

Frequently Asked Questions

How much funding does AI Funding track for Nscale?
AI Funding tracks $8.6B for Nscale across 7 funding rounds in this database.
Who are Nscale's investors?
Nscale's investors include NVIDIA, Aker ASA, 8090 Industries, Citadel, Dell, and 6 others.
What does Nscale do?
Nscale provides full-stack AI cloud infrastructure including GPU compute, storage, networking, inference endpoints, fine-tuning, and Kubernetes/Slurm clusters. The company operates data centers in Norway (powered by 100% renewable energy in the Arctic Circle), the UK, Iceland, Portugal, and the US (Texas, North Carolina). Nscale raised $2 billion in Series C funding — the largest in European history — to expand its sovereign AI infrastructure.
Where is Nscale headquartered?
Nscale is headquartered in London, United Kingdom.