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Nscale raises £1.5bn record Series C as Nick Clegg joins board

AI hyperscaler Nscale has raised $2 billion (£1.5bn) in Series C financing, marking the largest round of its kind in European history. The round was led by Aker ASA and 8090 Industries, and was supported by Astra Capital Management, Citadel, Dell, Jane Street, Lenovo, Linden Advisors, Nokia, NVIDIA and Point72. It values Nscale at $14.6 billion.  Headquartered in London, the firm operates globally as an AI-native infrastructure platform.  The ra…
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BusinessCloud.co.uk broke the news in on Tuesday, March 10, 2026.
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