The round was led by ker ASA and 8090 Industries, with participation from Astra Capital Management, Citadel, Dell, Jane Street, Lenovo, Linden Advisors, Nokia, Nvidia and Point72.

As a result, the funding will support Nscale’s expansion of AI infrastructure across Europe, North America and Asia, and according to the company the funding will also help its infrastructure footprint and grow its engineering and operations teams to support large-scale AI deployments.

Nscale founder and CEO, Josh Payne, said: “This is the fourth industrial revolution; the world is changing at a rapid pace. Over the next five years, Artificial Intelligence will be integrated into every industry, every product, and every job. Accelerating drug discovery, extending human life, autonomising travel and robotics, lifting productivity, and driving massive growth.

“This is leading to the largest infrastructure buildout in human history. Nscale is leading this buildout. We are building this foundation that the market sits on, the engine of superintelligence.”

Alongside the funding announcement, the company appointed Nick Clegg, Sheyl Sanberg and Susan Decker to its board of directors.

Clegg is a general partner at Hiro Capital and previously served as the UK’s deputy prime minister and as president of global affairs at Meta.

Sandberg is the co-founder of Sandberg Bernthal Venture Partners and previously served as COO at Meta, whereas, Decker is CEO and co-founder of Raftr and a former president of Yahoo.

They join existing board members Payne, Rael Nurick, co-founder at Sandton Capital Partners Jacob Leschly, CEO of Omius and Øyvind Eriksen, president and CEO of Aker ASA.

Additionally, the UK-based AI infrastructure company reached an agreement with Aker to fully integrate the Aker Nscale joint venture, which was announced in July 2025, into Nscale.

According to Aker, the partnership will simplify governance and delivery while keeping existing projects in Norway running as planned. Nscale also said its commitments to waste heat reuse, local skills development, and regional infrastructure investment will remain unchanged.

Eriksen, added:  “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.”