Overview

• The company’s $1.1 billion round is described by industry coverage as Europe’s largest Series B to date.
• Energy group Aker ASA led the investment, with participation reported from Microsoft, OpenAI, NVIDIA, Dell, Fidelity, G Squared, Nokia, Point72, Blue Owl, and T.Capital.
• Nscale says the capital will expand greenfield, hydro-powered facilities and its AI cloud platform across Europe, North America, and the Middle East.
• The firm highlights the Stargate Norway joint venture with Aker and OpenAI targeting 100,000 NVIDIA GPUs by the end of 2026, plus a commitment with Microsoft on a planned UK supercomputer at its Loughton campus.
• Background records show Nscale was incorporated in the UK on 29 May 2024 and has been cited by the UK government in press releases promoting domestic AI capacity.