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Nscale

An AI cloud of data centers and GPU compute clusters, built and operated for AI training and inference. Sites in Europe and North America include Norway, the UK, Portugal, Iceland, Texas, North Carolina and West Virginia.

Data & cloud infrastructureAI cloud and GPU data centersLondon, United Kingdom
Contact us on WhatsApp (opens in a new tab)nscale.com (opens in a new tab)
FoundersSince 2024
Valuation
$15B
Total raised
$3.3B
Last round · Sep 2026
Convertible note
Founded
2024
Employees
1,000
Quarters in VP50
2

In VP50

  1. Q4 2023: no place
  2. Q1 2024: no place
  3. Q2 2024: no place
  4. Q3 2024: no place
  5. Q4 2024: no place
  6. Q1 2025: no place
  7. Q2 2025: no place
  8. Q3 2025: no place
  9. Q4 2025: no place
  10. Q1 2026: #43
  11. Q2 2026: #46
  12. Q3 2026: no place
  13. Q4 2026: no place

Place by quarter since Q4 2023. Best place #43.

Funding rounds

DateRound · leadRaisedValuation
Sep 25, 2026Convertible note · Third Point$3.4B—
Aug 31, 2026Debt financing · Goldman Sachs, J.P. Morgan$3.0B—
May 11, 2026Debt financing · Export Finance Norway (nw. Eksportfinansiering Norge), SEB$790M—
Mar 9, 2026Series C · 8090 Industries, Aker ASA$2.0B$15B
Feb 12, 2026Debt financing · Blue Owl, LuminArx Capital Management, PIMCO$1.4B—
Oct 1, 2025Pre-Series C SAFE$433M—
Sep 25, 2025Series B · Aker ASA$1.1B—
Dec 9, 2024Series A · Sandton Capital Partners$155M—
Dec 2023Seed$30M—

Signals

Team

  • Josh Payne
    Founder, CEO
  • Alice Takhtajan
    CFO
  • Justin Osofsky
    COO
  • Phoebee Gahan
    Chief legal officer
  • Ron Huisman
    Chief accounting officer

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