Particle.news
Download on the App Store
3 ARTICLES
·
3h ago

Nscale Raises $1.1 Billion Series B Led by Aker, With Nvidia, Nokia and Dell Participating

The privately held Arkon Energy spin-out says the cash will accelerate large GPU buildouts across three regions.

Image

Overview

  • Nscale says the investment marks the largest Series B ever raised in the UK and Europe.
  • Aker invested $285 million for a 9.3% stake, which the company says could rise to 12.2%.
  • The company plans new AI data center deployments across Europe, North America and the Middle East and will expand engineering and operations teams.
  • Nscale recently announced a technology tie-up with Microsoft to collaborate on a supercomputer at its Loughton, Essex site that it says will be the UK’s largest.
  • The firm is working on OpenAI’s Stargate efforts in the UK and Norway, targeting around 100,000 Nvidia GPUs in Norway as projects scale.