Nscale, an AI infrastructure company, has raised US$ 2 billion in a Series C funding round led by Aker ASA and 8090 Industries, giving the company a valuation of US$ 14.6 billion. Other investors in the round included Astra Capital Management, Citadel, Dell, Jane Street, Lenovo, Linden Advisors, Nokia, NVIDIA, and Point72.
The investment comes amid rising global demand for AI computing infrastructure. Industry observers have cited limited deployment capacity and operational reliability as key constraints for scaling AI systems.
According to a press release, the funding will support expansion of its AI infrastructure platform across Europe, North America, and Asia. The company builds vertically integrated systems for artificial intelligence workloads, including GPU computing capacity, networking, data services, and orchestration software.
Josh Payne, CEO and founder, Nscale, said, “This is the fourth industrial revolution; the world is changing at a rapid pace. Over the next 5 years, Artificial Intelligence will be integrated into every industry, every product, and every job. This is leading to the largest infrastructure buildout in human history.”
Nscale also announced three new directors joining its board. Sheryl Sandberg, co-founder of Sandberg Bernthal Venture Partners and formerly COO of Meta; Susan Decker, CEO and co-founder of Raftr and a former president of Yahoo; and Nick Clegg, a former U.K. deputy prime minister and ex-president of global affairs at Meta.
Nscale has also reached an agreement with Aker to fully integrate their joint venture called Aker Nscale, since their partnership was first established in July 2025. Aker will remain a major shareholder, and Eriksen will continue on Nscale’s board.
Øyvind Eriksen, president and CEO, Aker ASA, said, “This step strengthens execution by putting delivery and governance under one roof, while keeping continuity for the people and projects already underway. We have full confidence in Nscale’s ability to deliver responsibly in Norway over the long term, and we believe this positions the work for faster progress and durable value creation.”
Rayyan Islam, Co-founder and General Partner, 8090 Industries, said, “We are living through a new era defined by AI, and the limiting factor is infrastructure. Compute, energy, and industrial-scale deployment capacity will determine which nations and companies lead the next generation of technological and economic progress.”
Nscale has built a platform to solve this challenge by vertically integrating the critical layers of AI infrastructure from energy and data centers to compute and orchestration. Goldman Sachs and J.P. Morgan acted as joint placement agents for the financing, which also covered the company’s pre-Series C SAFE. The latest funding and board additions position Nscale to expand its AI infrastructure globally, as companies and governments race to scale artificial intelligence for building the underlying systems that will power the next generation of AI applications.