Nscale Raises $2B in Europe’s Largest-Ever Series C for an AI Infrastructure Startup

Nscale, a UK-based AI infrastructure company, has raised $2 billion in a Series C funding round, the company announced on March 9, 2026. The round, which the company says is the largest Series C ever raised by a European company, values Nscale at $14.6 billion.

Aker ASA and 8090 Industries led the round. Astra Capital Management, Citadel, Dell, Jane Street, Lenovo, Linden Advisors, Nokia, NVIDIA, and Point72 also participated. Goldman Sachs and J.P. Morgan served as joint placement agents.

Nscale builds and operates AI data centres spanning GPU compute, networking, data services, and orchestration software. The company runs its own facilities in Glomfjord and Narvik in Norway and Loughton in the UK and a site in Texas. Partner-operated facilities run in Sines, Portugal, and Keflavik, Iceland.

The funding will go toward expanding that footprint across Europe, North America, and Asia, per the company's announcement.