British AI infrastructure hyperscaler Nscale today announced its €1.7 billion ($2 billion) in Series C funding, to further accelerate Nscale’s global development of vertically integrated AI infrastructure – from GPU compute and networking to data services and orchestration software – across Europe, North America, and Asia.
The round was led by Aker ASA and 8090 Industries. This round values Nscale at €12.6 billion ($14.6 billion). The funding round was supported by Astra Capital Management, Citadel, Dell, Jane Street, Lenovo, Linden Advisors, Nokia, NVIDIA, and Point72.
This follows Nscale’s €1.1 billion debt facility in February, and its €936 million Series B in September 2025.
“This is the fourth industrial revolution; the world is changing at a rapid pace. Over the next 5 years, Artificial Intelligence will be integrated into every industry, every product, and every job. Accelerating drug discovery, extending human life, autonomising travel and robotics, lifting productivity, and driving massive growth. This is leading to the largest infrastructure buildout in human history,” says Josh Payne, CEO and Founder of Nscale. “Nscale is leading this buildout. We are building this foundation that the market sits on, the engine of superintelligence.”
Nscale’s €1.7 billion Series C places it among the largest funding rounds in Europe’s emerging AI infrastructure sector, which has seen a series of investments across different layers of the compute stack during 2025 and 2026.
Other notable deals include Helsinki-based DataCrunch, which secured €55 million in Series A funding to scale its high-performance AI cloud infrastructure; London-based NexGen Cloud, which raised €41 million to expand sovereign GPU cloud capacity; and Cannes-based PoliCloud, which secured €7.5 million in Seed funding to build next-generation sovereign HPC cloud infrastructure.
Investment has also flowed into enabling technologies supporting large-scale AI deployment, including Lausanne-based Corintis, which raised €20 million to advance chip-cooling technology aimed at easing AI compute bottlenecks, and Berlin-based Cognee, which secured €7.5 million to scale enterprise AI memory infrastructure.
In the UK, London-based Encord also raised €50 million in Series C funding to expand its AI-native data infrastructure platform.
Altogether, these rounds – combined with Nscale’s €1.7 billion Series C – represent roughly €1.88 billion in funding directed towards Europe’s AI infrastructure and enabling technologies ecosystem.
Øyvind Eriksen, President and CEO of Aker ASA adds, “This step strengthens execution by putting delivery and governance under one roof, while keeping continuity for the people and projects already underway. We have full confidence in Nscale’s ability to deliver responsibly in Norway over the long term, and we believe this positions the work for faster progress and durable value creation.”
Founded in 2024, Nscale is a global hyperscaler engineered for AI infrastructure. Through vertically integrated AI solutions and modular, first-principles data center design across Europe, North America, and beyond, Nscale delivers the compute foundation for enterprise AI training, fine-tuning, and inference at scale.
Today’s capital deepens Nscale’s infrastructure footprint, expands its engineering and operations teams, and strengthens the platform, enabling Nscale to continue to deliver real, production-grade AI deployments at massive scale.
Nscale is purpose-built to accelerate AI deployments, addressing the constraint on market scaling due to deploy capacity reliable functioning in production.
Rayyan Islam, the co-founder and General Partner of 8090 Industries says, “We are living through a new era defined by AI, and the limiting factor is infrastructure. Compute, energy, and industrial-scale deployment capacity will determine which nations and companies lead the next generation of technological and economic progress.
“Nscale has built a platform uniquely capable of solving this challenge by vertically integrating the critical layers of AI infrastructure – from energy and data centers to compute and orchestration. At 8090 Industries, we invest in the systems that enable entire industries to scale and are proud to partner with Josh and the Nscale team as they build the foundational backbone for the global AI economy.”
Nscale has appointed three new Directors to its Board: Sheryl Sandberg, Susan Decker, and Nick Clegg. The additions bring significant experience across technology, policy, operations, and governance. Sandberg, currently co-founder of Sandberg Bernthal Venture Partners and former COO of Meta Platforms and executive at Google, offers deep expertise in scaling global technology companies. Decker, CEO and co-founder of Raftr and former President of Yahoo!, contributes strong financial and governance experience. Clegg, now a General Partner at Hiro Capital and former President of Global Affairs at Meta, adds insight at the intersection of technology, regulation, and global policy.
They join the existing board members Josh Payne, Rael Nurick, Jacob Leschly, and Øyvind Eriksen.
Alongside this Series C funding and its new Directors, Nscale has reached an agreement with Aker to roll the Aker Nscale joint venture — announced in July 2025 — fully into Nscale. Going forward, Aker will remain a leading shareholder in Nscale with its CEO Øyvind Eriksen continuing to serve on the Nscale Board.
This decision consolidates delivery and governance under one entity, while ensuring all existing projects under the joint venture continue and remain fully operational as part of Nscale.
Nscale’s firm pledge to waste heat reuse, local skills development, and investment in regional infrastructure remains unchanged.
Read the orginal article: https://www.eu-startups.com/2026/03/nscale-secures-e1-7-billion-series-c-to-build-global-ai-compute-infrastructure/
