Nscale, a leading AI hyperscaler in London, has secured a notable $155m in funding, marking one of the largest Series A rounds in the UK this year.
- The company focuses on designing advanced data centers to support global hyperscale and LLM platforms, utilizing innovative cooling technology.
- Funds will aid in expanding Nscale’s greenfield data centers in Europe and North America, growing from 300MW to 1.3GW.
- The initiative includes a public cloud service launch to provide adaptable AI solutions for developers.
- The effort is supported by Sandton Capital Partners and others, positioning Nscale for significant growth in the AI market.
Nscale, a prominent AI hyperscaler based in London, has successfully raised $155 million, securing one of the most substantial Series A funding rounds in the UK for the year. This funding round highlights the company’s strategic move to capitalize on the increasing demand for compute resources essential for AI scale-ups.
Founded in stealth mode in May 2024, Nscale is at the forefront of developing data center sites equipped to handle supercluster deployments tailored for global hyperscalers and LLM platforms. The company is leveraging cutting-edge, closed-loop direct liquid cooling technology, which enhances performance efficiency while reducing environmental impact.
With the newly acquired funds, Nscale intends to accelerate its development of greenfield data centers, expanding its capacity from 300MW to an ambitious 1.3GW across Europe and North America. Specifically, a 120MW expansion is slated for 2025. Nscale’s advantage lies in its capability to deploy bespoke GPU clusters that are customized to meet the diverse needs of its clients swiftly and more cost-effectively than competitors.
Looking forward, Nscale plans to unveil a public cloud service early next year, offering developers flexible access to tailor-made inference and training solutions. This initiative aims to foster a dynamic development environment that supports emerging AI capabilities and services.
The funding round has attracted significant backing, led by Sandton Capital Partners along with Kestrel 0x1, Blue Sky Capital Managers Ltd, and Florence Capital. Philippe Sachs, a general partner at Kestrel and chairman of Nscale, emphasized the firm’s rapid scaling in tandem with the expanding AI market. Joshua Payne, CEO of Nscale and former founder of Arkon Energy, expressed enthusiasm about reaching a broader customer base with innovative AI infrastructure. Meanwhile, Rael Nurick of Sandton Capital Partners underscored Nscale’s strong track record and strategic industry partnerships as key factors in their investment decision.
Nscale is poised for growth, leveraging substantial investment to spearhead advancements in AI infrastructure.
