News Summary

Nvidia-backed AI startup Nscale has successfully raised $2 billion in a Series C funding round, elevating its valuation to $14.6 billion. The funding round was led by Aker ASA and 8090 Industries. This substantial capital injection will support Nscale’s global expansion of AI infrastructure, focusing on GPU compute, networking, data services, and orchestration software across Europe, North America, and Asia. Additionally, the startup has announced the joining of notable figures to its board, including former Meta Platforms executives Sheryl Sandberg and Nick Clegg, as well as former Yahoo President Susan Decker. These appointments bring significant expertise in technology, operations, and governance, enhancing Nscale’s leadership team as it continues to deliver large-scale AI deployments.