Business Series C funding

Nscale Secures $2 Billion Series C Funding, Adds High-Profile Directors

Analysis based on 27 articles · First reported Mar 09, 2026 · Last updated Mar 09, 2026

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Market Impact

The successful $2 billion Series C funding round for Nscale, valuing it at $14.6 billion, signals strong investor confidence in the AI infrastructure sector, potentially driving further investment into companies building the physical backbone of AI. The appointments of high-profile figures like Sheryl Sandberg, Susan Decker, and Nick Clegg to Nscale's board enhance its credibility and strategic direction, which could positively influence market perception of the company and the broader AI industry.

Artificial intelligence Data center Venture capital

Event Summary

Nscale, a UK-based AI infrastructure hyperscaler, announced a $2 billion Series C funding round, valuing the company at $14.6 billion. The round was led by Aker ASA and 8090 Industries, with participation from major investors including Astra Capital Management, Citadel LLC, Dell Technologies, Jane Street Capital, Lenovo, Linden Advisors, Nokia, Nvidia, and Point72 Asset Management. This capital will accelerate Nscale's global development of vertically integrated AI infrastructure across Europe, North America, and Asia. Concurrently, Nscale welcomed Sheryl Sandberg (co-founder of Sandberg Bernthal Venture Partners, former COO of Meta Platforms and Google executive), Susan Decker (CEO of Raftr, former President of Apollo Global Management===Yahoo), and Nick Clegg (General Partner at Hiro Capital, former UK Deputy Prime Minister and Meta Platforms executive) to its Board of Directors. Additionally, Nscale reached an agreement with Aker ASA to fully integrate the Aker Nscale joint venture into Nscale, with Aker ASA remaining a leading shareholder and its CEO, Oyvind Eriksen, continuing on Nscale's Board. Nscale also has significant partnerships with Microsoft and OpenAI for AI data center projects and is considering an initial public offering.

Key Actions

100 Nscale raised Series C funding

90 Aker ASA led funding round Nscale

90 Nscale integrated joint venture Aker ASA

90 Aker ASA rolled joint venture into Nscale Nscale

85 Aker ASA led Series C funding round Nscale

80 8090 Industries led funding round Nscale

80 8090 Industries led Series C funding round Nscale

75 Nscale appointed new Directors to Board

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Entities Involved

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Nscale

Nscale secured $2 billion in Series C funding, valuing the company at $14.6 billion, which will accelerate its global AI infrastructure development. The company also welcomed Sheryl Sandberg, Susan Decker, and Nick Clegg to its Board of Directors, strengthening its leadership. Additionally, the Aker Nscale joint venture was fully rolled into Nscale, streamlining operations.

Importance 100 Sentiment 90

per

Josh Payne

Josh Payne, CEO and Founder of Nscale, successfully led the company to secure $2 billion in Series C funding, valuing Nscale at $14.6 billion. He emphasized Nscale's role in leading the 'largest infrastructure buildout in human history' driven by AI, and continues to serve on the Board of Directors.

Importance 90 Sentiment 70

stock

Aker ASA

Aker ASA co-led Nscale's Series C funding round and will remain a leading shareholder after the Aker Nscale joint venture was fully integrated into Nscale. Its CEO, Oyvind Eriksen, continues to serve on Nscale's Board, indicating continued strategic involvement and confidence in Nscale's long-term value creation.

Importance 85 Sentiment 60

priv

8090 Industries

8090 Industries co-led Nscale's $2 billion Series C funding round, demonstrating its commitment to investing in foundational AI infrastructure. Rayyan Islam, co-founder and General Partner, emphasized Nscale's unique platform for vertically integrating critical AI infrastructure layers.

Importance 80 Sentiment 60

per

Oyvind Eriksen

Oyvind Eriksen, President and CEO of Aker ASA, played a key role in the Series C funding and the integration of the Aker Nscale joint venture into Nscale. He continues to serve on Nscale's Board, expressing full confidence in Nscale's ability to deliver responsibly in Norway and create durable value.

Importance 75 Sentiment 60

per

Sheryl Sandberg

Sheryl Sandberg joined Nscale's Board of Directors, bringing extensive experience in scaling global technology companies from her time as COO of Meta Platforms and an early executive at Google. Her appointment is expected to provide Nscale with valuable insights into operations, growth strategy, and global organization building.

Importance 70 Sentiment 50

per

Rayyan Islam

Rayyan Islam, Co-founder and General Partner of 8090 Industries, co-led Nscale's Series C funding round. He highlighted Nscale's unique platform for vertically integrating critical AI infrastructure layers, underscoring his firm's belief in Nscale's foundational role in the global AI economy.

Importance 70 Sentiment 60

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Relationships

Aker ASA related ↔ Nscale

Oyvind Eriksen related ↔ Aker ASA

Oyvind Eriksen related ↔ Nscale

Josh Payne related ↔ Nscale

Sheryl Sandberg related ↔ Nscale

Susan Decker related ↔ Nscale

Nick Clegg related ↔ Nscale

Nvidia related ↔ Nscale

Microsoft related ↔ Nscale

OpenAI related ↔ Nscale

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