Record-Breaking $1.1B Funding Boosts UK AI Firm Nscale
Nscale, a trailblazing AI infrastructure startup based in London, has made history by securing a monumental $1.1 billion Series B funding round. This marks the most substantial funding round of its kind in European history. The funding round was spearheaded by the Norwegian industrial group, Aker ASA. Prominent tech giants Nvidia, Nokia, and Dell Technologies also participated in the funding round.
This significant investment will propel Nscale’s expansion of AI data centers across Europe, North America, and the Middle East. Among the major projects that will benefit from this funding are Stargate UK and Stargate Norway.
The Norway facility, in particular, is set to house an impressive 100,000 Nvidia GPUs by 2027. This represents a $1 billion commitment to the development of Nordic AI infrastructure.