finance Mar 09, 2026

Nvidia backs AI data center startup Nscale as it hits $14.6 billion valuation

C

CNBC Finance

2 min read
Key Points
  • UK-based startup Nscale has raised $2 billion at a $14.6 billion valuation in a funding round featuring chip giant Nvidia.
  • The company is building AI infrastructure, including data centers and cloud access to compute.
  • The Series C was led by Aker ASA and 8090 Industries .

AI data center startup Nscale has raised $2 billion at a $14.6 billion valuation, the company announced on Monday, as the AI infrastructure boom continues.

The Series C featured Nvidia and was led by Aker ASA and 8090 Industries. It also featured Astra Capital Management, Citadel, Dell, Jane Street, Lenovo, Linden Advisors, Nokia, and Point72.

Fresh funds would help accelerate Nscale's development of vertically integrated AI infrastructure — from GPU compute and networking to data services and orchestration software — across Europe, North America, and Asia, the company said in a statement.

The AI boom is "leading to the largest infrastructure buildout in human history," said Josh Payne, CEO and founder of UK-based Nscale, echoing past comments from Jensen Huang, CEO at Nvidia, which invested in the round. "We are building this foundation that the market sits on, the engine of superintelligence."

This is a breaking story. Please check back for updates.

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Source: CNBC Finance

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