Nscale Secures $155M in Series A Funding to Expand AI Cloud Infrastructure
Nscale is the hyperscaler engineered for AI, delivering compute to the generative AI market at scale.
Company Name: Nscale
Location: London, UK
Industry: AI Cloud Infrastructure
Funding Details:
- Amount: $155M
- Round: Series A
- Lead Investor: Sandton Capital Partners
Purpose of Investment:
The funds will accelerate the deployment of large-scale GPU clusters for AI training, fine-tuning, and inference workloads. Additionally, the capital will expand Nscale’s 1.3 GW pipeline of greenfield data center sites across Ohio, Texas, the UK, and Norway, with 120MW planned for 2025 development.
Leadership:
- CEO & Founder: Josh Payne
Product:
Nscale is a fully vertically integrated AI cloud provider, managing its entire tech stack, including data centers, GPU-engineered infrastructure, and proprietary software.
About the Company:
Nscale delivers scalable AI cloud solutions through its vertically integrated platform. With a background in capital markets, crypto mining, and renewable energy M&A, Payne also co-founded Battery Future Acquisition Corp, a $357M NASDAQ-listed battery metals SPAC.
Nscale plans to launch a public cloud service in Q1 2025, offering developers purpose-built inference and training solutions in a flexible development environment. This funding round is among the largest Series A investments in the UK’s tech ecosystem, positioning Nscale for significant growth in Europe and North America.