Investment firms such as Citadel, Point72 and the Norwegian group Aker ASA joined the funding round. A former UK deputy PM and Meta global head of corporate affairs, Meta ex-COO and former president of Yahoo have joined its board.

UK-based “AI infrastructure hyperscaler” Nscale said yesterday that it has secured its $2 billion of Series C funding, led by a raft of investors from a number of countries. Separately, it said it has added three figures from the worlds of business and politics to its director roster: Sheryl Sandberg (a former Meta COO), Susan Decker (former Yahoo president), and Nick Clegg (ex-deputy UK prime minister and former global affairs president for Meta). 

The funding round, which was led by Aker ASA, the Norwegian investment group, and 8090 Industries, the New York-headquartered VC firm, values Nscale at $14.6 billion, Nscale said in a statement. 

The round was supported by Astra Capital Management, Citadel, Dell, Jane Street, Lenovo, Linden Advisors, Nokia, NVIDIA, and Point72. 

“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," Josh Payne, CEO and founder of Nscale, said. "Nscale is leading this buildout. We are building this foundation that the market sits on, the engine of superintelligence."

New directors
Sandberg is co-founder of Sandberg Bernthal Venture Partners; besides her former Meta role as COO, she was an early executive for Google.

Decker is the CEO and co-founder of Raftr, a community experience platform for universities, and board member at Costco Wholesale Corporation, Berkshire Hathaway, Vail Resorts, Chime, Vox Media, and Automattic. 

Clegg is a general partner at Hiro Capital. He focuses on fostering the growth of leading spatial computing technologies within Europe. Prior to being elected to the UK Parliament in 2005, Clegg served five years in the European Parliament. 

Sandberg, Decker, and Clegg join Nscale's other board directors: Josh Payne, Rael Nurick, Jacob Leschly, and Øyvind Eriksen.

Alongside this Series C funding, Nscale has agreed with Aker to roll the Aker Nscale joint venture – announced in July 2025 – fully into Nscale.