AI hyperscaler company Nscale has closed a $433m (£320m) pre-Series C round just days after securing a record $1.1bn Series B investment.
The London-based company has been rapidly growing since its launch in 2023 with its core technology of AI-focused data infrastructure seeing enormous demand globally, with governments and Big Tech firms pouring billions into the industry.
Having raised one of the UK and Europe’s largest-ever individual rounds in late September, Nscale said that investor interest has been so strong that it was able to secure this new investment, which on its own would be among the year’s largest UK tech funding rounds, less than a week after its Series B.
“We’re overwhelmed by the interest we’ve received. It’s incredible to see the passion and confidence we have in Nscale is matched by key investors,” said Josh Payne, chief executive and founder of Nscale.
“This commitment to participating in our pre-Series C SAFE, just days after the close of our Series B funding, represents a powerful endorsement of our vision to deliver sovereign, scalable infrastructure for the AI era.”
The new funds came from investors including Blue Owl Managed Funds, Dell, NVIDIA and Nokia as well as other existing investors from its Series B round.
Nscale currently operates more than 50 data centres and is expecting to continue its rapid growth as demand for AI infrastructure continues to rise.
