Mar 09, 2026 | Posted by Abdul-Rahman Oladimeji
UK-based AI cloud Nscale has raised $2bn in its Series C funding round. The funding round, which the company claims to be the largest of its kind in European history, was led by established partner Aker ASA and 8090 Industries, with participation from Astra Capital Management, Citadel, Dell, Jane Street, Lenovo, Linden Advisors, Nokia, Nvidia, and Point72.
“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, autonomizing travel and robotics, lifting productivity, and driving massive growth."
"This is leading to the largest infrastructure buildout in human history,” said Josh Payne, CEO and founder of Nscale. “Nscale is leading this buildout. We are building this foundation that the market sits on, the engine of superintelligence.”
