Nscale
About Nscale
Nscale is a London-based vertically integrated AI-infrastructure company that develops, owns and operates data centres, GPU compute, networking, storage and managed AI cloud services for enterprises, governments and AI builders. Spun out of Arkon Energy, the company is led by CEO Josh Payne with co-founder Nathan Townsend and emphasises sovereign European deployment and renewable-powered sites including Norway hydropower alongside US campus buildouts. It has raised multiple equity rounds including a $155 million Series A in December 2024, a $1.1 billion Series B in September 2025 led by Aker ASA, and a $2 billion Series C in March 2026 led by Aker ASA and 8090 Industries.
Key highlights
- Raised $155M Series A in Dec 2024 led by Sandton Capital Partners.
- Closed $1.1B Series B in Sep 2025 led by Aker ASA with Nvidia participation.
- Secured $2B Series C in Mar 2026 at $14.6B valuation led by Aker ASA and 8090 Industries.
- Plans to deploy up to 100,000 Nvidia GPUs in Norway hydropower sites by 2027.
- Supports OpenAI Stargate data centre projects across Europe.
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