Nscale has closed a US$900 million revolving credit facility to accelerate its global AI infrastructure build-out, the company announced this morning.

The facility is expected to provide flexible liquidity to accelerate its AI data centre efforts and capital deployment across the US, Europe and APAC. It was syndicated across a group of leading financial institutions, including J.P. Morgan, Goldman Sachs, Morgan Stanley, Deutsche Bank and others.

A credit facility refers to a type of financing agreement that enables borrowers to obtain funds from a lender, as needed, up to a certain limit. Nscale said this type of support is a testament to how investors are confident in the company’s strategic direction and growth prospects.

“The closing of this revolving credit facility with key global investment banks reflects real institutional confidence in our platform, capital structure and team,” said Josh Payne, CEO and founder of Nscale. “We are building the infrastructure that the world’s largest technology companies depend on to train, deploy and scale AI, and this facility increases our flexibility to do that at speed and at scale.”

Nscale has propelled very quickly into the mainstream, after launching in 2024. According to recent reports, the private AI data centre company is now valued at around $15 billion. As a result, the company is one of the most sought-after in the industry, with countries like the UK eager to use it to grow their digital transformation efforts.

In March, Nscale raised $2 billion in Series C funding as it sought to expand AI infrastructure worldwide. At the time, the company said the funding would also help its infrastructure footprint and grow its engineering and operations teams to support large-scale AI deployments.

At the same time, former Deputy Prime Minister of the UK and ex-Meta executive, Sir Nick Clegg, also joined the company’s board in March. It was a well-timed move, as the company sought to become one of the most valuable businesses for UK development.

However, Nscale was recently reported on in the press as being responsible for a so-called ‘phantom investment’ – with The Guardian citing in March that its site in Loughton, Essex as still being used as a scaffolding yard, despite promises the UK’s largest sovereign AI data centre would be completed there this year.

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