Nscale Raises $2 Billion in Series C Funding to Expand Global AI…

Team S · 2026-03-09T13:36:03.000Z

AI infrastructure startup Nscale has raised $2 billion in a Series C funding round, valuing the company at $14.6 billion. The round was led by Aker ASA and 8090 Industries, with participation from several global technology and investment firms. Founded in 2024 by Josh Payne, Nscale develops large-scale AI cloud and data-center infrastructure designed to support the growing demand for high-performance computing required to train and deploy advanced AI models. The Series C round attracted a diverse group of investors including Astra Capital Management, Citadel, Dell, Jane Street, Lenovo, Linden Advisors, Nokia, NVIDIA, and Point72, highlighting strong institutional and strategic interest in AI infrastructure. With the fresh capital, Nscale plans to expand its AI infrastructure platform and data-center network across Europe, North America, and Asia to meet rapidly growing global demand for AI compute capacity. The company operates vertically integrated infrastructure that combines GPU compute, networking, data services, and orchestration software within large-scale production environments, positioning itself as a key provider of AI computing infrastructure. Nscale’s rapid growth comes amid the global race to build AI computing infrastructure. The company has already secured partnerships with major technology firms and continues to expand its large-scale data-center projects to support next-generation AI workloads.

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Nscale Raises $2 Billion in Series C Funding to Expand Global AI… | Newnex