Published: September 25, 2025 at 12:19 pm
AI hyperscaler Nscale has raised $1.1 billion (£820 million) in Series B financing, marking the largest round of its kind in European history.
The round was led by Aker ASA, with existing backer Sandton Capital joined by Blue Owl Managed Funds, Dell, Fidelity, G Squared, Nokia, NVIDIA, Point72 and T.Capital.
Headquartered in London, the firm operates globally as an AI-native infrastructure platform.
Its vertically integrated model spans compute, networking, storage, managed software and AI services, delivered through a mix of owned and colocated data centres.
The funding will be used to deploy large-scale AI infrastructure across Europe, North America and the Middle East, as well as accelerate the rollout of its ‘AI factory’ data centres in projects such as Stargate UK and Stargate Norway.
It will also expand its vertically integrated AI cloud platform, grow its engineering and operations teams, and strengthen delivery for enterprise and government customers worldwide.