AI infrastructure startup Nscale is in talks to raise a further $2 billion, according to reports, just months after securing $1.1bn in funding. 

The London-based company is said to be working with Goldman Sachs and JPMorgan Chase on the fundraising, which would significantly bolster its expansion plans across the UK, Europe and North America.

Founded less than two years ago, the business is developing large-scale data centre projects in the UK, Portugal, the US, Iceland and Norway, and was selected by the UK government to deliver Britain’s version of the “Stargate” data centre initiative. 

The company has also signed high-profile partnerships with Nvidia and OpenAI, although it has faced recent challenges including a reported copyright lawsuit and a failed acquisition deal.