AI infrastructure hyperscaler Nscale has announced its US$2 billion in Series C funding. The funding round was supported by Astra Capital Management, Citadel, Dell, Jane Street, Lenovo, Linden Advisors, Nokia, NVIDIA, and Point72. UK-based Nscale’s goal of global development of vertically integrated AI infrastructure, from GPU compute and networking to data services and orchestration software, across Europe, North America, and Asia, just got one step closer.
The capital deepens Nscale’s infrastructure footprint, expands its engineering and operations teams, and strengthens the platform, enabling Nscale to continue to deliver real, production-grade AI deployments at massive scale.
Josh Payne, CEO and Founder of Nscale, has commented:
“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. Accelerating drug discovery, extending human life, autonomizing 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.”
Strengthening Nscale’s Board
Nscale also today welcomes three new Directors. Sheryl Sandberg, Susan Decker, and Nick Clegg will join the Nscale Board, bringing substantial global depth across technology, policy, operations, and governance to an already world-class collection of business leaders.
Sheryl Sandberg
Sandberg is currently the co-founder of Sandberg Bernthal Venture Partners, which deploys private capital to fund innovation across consumer, enterprise, climate and healthcare technology. As former Chief Operating Officer of Meta and an early executive at Google, Sandberg brings unmatched experience in scaling the world’s most influential technology companies, as well as deep expertise in operations, growth strategy, and building global organizations.
Susan Decker
Decker is the CEO and co-founder of Raftr, a Community Experience platform for universities. She is a former President of Yahoo, Inc. and is currently a Board member at Costco Wholesale Corporation, Berkshire Hathaway, Vail Resorts, Chime, Vox Media, and Automattic. Decker brings sharp financial acumen, governance expertise, and strategic leadership developed across decades at the forefront of global media and technology companies.
Nick Clegg
A current General Partner at Hiro Capital, Clegg focuses on fostering the growth of leading spatial computing technologies within Europe. He is both a former UK Deputy Prime Minister and former President, Global Affairs at Meta. Prior to being elected to the UK Parliament in 2005, Clegg served five years in the European Parliament. Clegg brings deep expertise at the intersection of technology, policy, and global affairs and has most recently been at the center of the most consequential regulatory and governance conversations shaping the future of AI.
Sandberg, Decker, and Clegg join Nscale’s existing Board of Directors, which includes Josh Payne, Rael Nurick, Jacob Leschly, and Øyvind Eriksen.
Streamlining Execution in Norway
Alongside this Series C funding and its new Directors, Nscale has reached an agreement with Aker to roll the Aker Nscale joint venture — announced in July 2025 — fully into Nscale. Going forward, Aker will remain a leading shareholder in Nscale with its CEO Øyvind Eriksen continuing to serve on the Nscale Board.
This decision consolidates delivery and governance under one entity, while ensuring all existing projects under the joint venture continue and remain fully operational as part of Nscale. This ongoing partnership has been foundational to Nscale’s growth and demonstrates its continued commitment to playing a positive, long-term role in the communities where it operates. Nscale’s firm pledge to waste heat reuse, local skills development, and investment in regional infrastructure remains unchanged.
Øyvind Eriksen, President and CEO of Aker ASA has 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.”
