9 Mar 2026

Nscale raises £1.5bn Series C led by Aker ASA and 8090 Industries to deploy AI infrastructure globally

Nscale designs and operates AI-native data centres, providing vertically integrated compute, networking and software infrastructure that addresses GPU shortages while delivering compliant, renewable-powered capacity for enterprise and national AI workloads.

Nscale, a AI infrastructure hyperscaler startup, has raised £1.5 billion in Series C from led by Aker ASA and 8090 Industries, with participation from Astra Capital Management, Citadel, Dell, Jane Street, Lenovo, Linden Advisors, Nokia, NVIDIA, and Point72. The round values Nscale at $14.6 billion and will support its acceleration of AI infrastructure deployments globally.

Artificial Intelligence is reshaping industries, economies and national strategies, while accelerated computing platforms provide the infrastructure required to run these systems. Nscale develops vertically integrated AI infrastructure covering GPU compute, networking, data services and orchestration software, designed to support production-scale AI deployments. The new funding will accelerate Nscale’s development of AI infrastructure across Europe, North America, and Asia.

The capital will deepen Nscale’s infrastructure footprint, expand its engineering and operations teams, and strengthen the platform to support production-grade AI deployments at scale.

Alongside the funding, Sheryl Sandberg, Susan Decker, and Nick Clegg have joined the Nscale Board of Directors. They join existing board members Josh Payne, Rael Nurick, Jacob Leschly, and Øyvind Eriksen.

Nscale has also reached an agreement with Aker to roll the Aker Nscale joint venture, announced in July 2025, fully into Nscale. Aker will remain a leading shareholder in Nscale and its CEO Øyvind Eriksen will continue to serve on the Nscale Board.

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, autonomizing travel and robotics, lifting productivity, and driving massive growth. This is leading to the largest infrastructure buildout in human history. Nscale is leading this buildout. We are building this foundation that the market sits on, the engine of superintelligence.

Josh Payne, Founder & CEO

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.

Øyvind Eriksen, CEO at Aker ASA

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.

Rayyan Islam, General Partner at 8090 Industries

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