UK-based AI infrastructure company Nscale has secured $1.1 billion in Series B funding—the largest round of its kind in UK and European history.
The raise demonstrates the UK’s prominence as Europe’s leader in AI and builds on significant recent funding rounds for UK companies, including Synthesia’s $180m round earlier this year.
Nscale’s round was led by Aker ASA, which was joined by Blue Owl Managed Funds, Dell, Fidelity, Nvidia, and Point72, alongside existing backers Sandton Capital.
Nvidia’s participation follows the world’s leading AI company’s commitment to boosting European AI infrastructure.
Hyperscaler Nscale specialises in AI-native infrastructure, offering integrated compute, networking, storage, and managed services through company-owned and collocated data centres.
Nscale’s European facilities leverage low-cost renewable energy, allowing the company to offer competitive pricing while meeting strict regulatory standards.
The funding will accelerate Nscale’s expansion of “AI factory” data centres across Europe, North America, and the Middle East, including projects like Stargate UK and Stargate Norway.
“We are building the AI-native Infrastructure platform of tomorrow,” said Josh Payne, CEO of Nscale.
“AI is reshaping industries, economies, and national strategies – but it cannot happen without the physical backbone: the data centres, the GPUs and the software to orchestrate them. We are building a vertically integrated, AI-engineered foundation designed to power the next generation of technological change, enabling industries and innovators across the globe to achieve what today feels impossible.
“We are creating one of the largest global platforms of its kind – purpose-built to meet surging demand and unlock breakthroughs at unprecedented scale. This allows Nscale to provide our customers access to scarce, and highly sought after, compute capacity and rapidly accelerate the build-out of secure, compliant and energy-efficient AI infrastructure.”