BENGALURU, March 9 (Reuters) - Nvidia-backed British artificial intelligence group Nscale has raised $2 billion at a valuation of $14.6 billion, the company said on Monday. (Reporting by Ruchika
Nvidia-backed Nscale valued at $14.6 billion in fresh funding round
Nscale’s Latest Funding and Strategic Developments
Valuation and Investment Details
March 9 (Reuters) - Nvidia-backed artificial intelligence group Nscale was valued at $14.6 billion after raising $2 billion in its latest funding round, the British company said on Monday.
The Series C funding round was led by Norway's Aker and 8090 Industries, and included Nvidia, Citadel, Dell, Jane Street, among others, the firm said in a statement.
Board Appointments
Former Meta executives Nick Clegg and Sheryl Sandberg, and former Yahoo President Susan Decker will join the board of the AI firm, the company said.
IPO Preparation and Timeline
The funding round comes ahead of the AI group's preparations for an initial public offering, for which Nscale Global has hired Goldman Sachs and JPMorgan as underwriters, sources told Reuters earlier this year.
Potential Listing Schedule
The timeline for the potential listing has not yet been set, the sources had said.
Company Background and Expansion Plans
Founding and Infrastructure
Founded in 2024, Nscale owns and operates its own data centres, graphic processing units (GPUs), and software stack to deliver large-scale, GPU-powered AI compute.
Growth Strategy
Expansion of Data-Centre Capacity
The new funding will help it expand its data‑centre capacity to meet soaring demand for AI computing from customers, including Microsoft and OpenAI.
(Reporting by Ruchika Khanna in Bengaluru; Editing by Harikrishnan Nair)
