Overview
- The Series C was led by Aker ASA and 8090 Industries, with Nvidia among participants, and Goldman Sachs plus J.P. Morgan served as placement partners as the company readies for a potential listing.
- Nscale folded its Aker Nscale joint venture into the parent company, with Aker remaining a leading shareholder and CEO Øyvind Eriksen continuing on the board.
- Sheryl Sandberg, Nick Clegg and Susan Decker joined the board, adding high-profile experience in operations, policy and public-company governance.
- The company cites contracted supply for about 200,000 Nvidia GB300 GPUs and a roughly 1.3GW development pipeline, including a Loughton, Essex site targeting Q4 2026 operations at 50MW scaling to 90MW, with reported capacity agreements for Microsoft and project links to OpenAI in Norway.
- UK officials are highlighting Nscale in a sovereign-AI push, as public scrutiny focuses on the timelines and realism of large-scale data center delivery claims.