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flag UK AI firm Nscale raises $2B, hits $14.6B valuation in Europe’s largest tech funding round.

flag Nscale, a UK-based AI infrastructure company backed by NVIDIA, has raised $2 billion in a Series C funding round, valuing the firm at $14.6 billion—the largest such round in European history. flag Led by Aker ASA and 8090 Industries, the investment includes participation from NVIDIA, Dell, Citadel, and others. flag The company, founded in 2024, owns its own data centers, GPUs, and software and is expanding its global infrastructure to meet surging demand from major AI clients like Microsoft and OpenAI. flag It is developing large-scale projects, including the UK’s largest planned AI supercomputer in Essex and the Stargate Norway renewable-powered compute hub. flag High-profile board additions include former Meta executives Nick Clegg and Sheryl Sandberg and former Yahoo President Susan Decker. flag The funding supports Nscale’s growth and potential IPO, with Goldman Sachs and JPMorgan as underwriters, though no timeline has been announced.

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