Nokia, Nvidia, Deutsche Telekom and Dell are among a group of investors that have backed budding European hyperscaler Nscale to the tune of $1.1 billion.
The series B funding round is the largest in European history according to Nscale, and furnishes it with the requisite cash to push on with its global deployment of AI factories – data centres crammed with the graphics processing units (GPUs) needed to handle AI workloads.
"We are building the AI-native infrastructure platform of tomorrow," said Josh Payne, CEO of Nscale. "AI is reshaping industries, economies, and national strategies – but it cannot happen without the physical backbone: the data centres, the GPUs and the software to orchestrate them. We are building a vertically integrated, AI-engineered foundation designed to power the next generation of technological change, enabling industries and innovators across the globe to achieve what today feels impossible."
