Nscale, a provider of AI-ready data centres, has raised $155 million in a Series A funding round led by Sandton Capital Partners. The round also saw participation from Kestrel, Bluesky Asset Management, and Florence Capital.
The funding will support Nscale’s ambitious expansion across Europe and North America, with plans to scale its greenfield data centre pipeline from 300MW to an impressive 1.3GW. This includes 120MW set for development in 2025, aimed at supporting global hyperscalers and large language model (LLM) platforms.
Nscale’s AI-ready offerings include massive GPU infrastructure and high-performance AI cloud services. Its comprehensive stack enables the co-design of data centre and GPU supercluster infrastructure, optimizing performance for demanding AI workloads.
The company’s AI private cloud platform supports the generative AI lifecycle, providing developers with cutting-edge tools like bare metal and virtualized GPU nodes, Kubernetes-native services, and advanced AI workload scheduling powered by SLURM.
Nscale is also set to launch a public cloud service in Q1 2025, which will offer developers access to tailored inference and training solutions in a flexible environment.
This strategic funding positions Nscale to lead innovation in AI infrastructure, addressing growing global demands for high-performance, sustainable data centres.
Joshua Payne, CEO of Nscale, said: “Nscale has a 1.3GW pipeline of sites in our portfolio, which allows us to design from the ground up, the data centre, the supercluster and the cloud environment end-to-end for our customers.”
Nscale raised $30 million in seed funding in December 2023.
Recently, Nscale announced a partnership with Open Innovation AI, a GPU orchestration platform in MENA, targeting the deployment of 30,000 GPUs over the next three years.
In addition, the company has also achieved industry recognition for advancing AI high-performance compute infrastructure: Nscale’s Svartisen Cluster was included in the 2024 Top500 list of the most powerful super-computing systems worldwide.
