Nscale Raises $2 Billion and Adds Sandberg, Clegg to Board

Nscale, a UK developer for artificial intelligence data centers, has raised $2 billion in funding and added a trio of high-profile business leaders as directors, including former Meta Platforms Inc. executives Sheryl Sandberg and Nick Clegg.

Norwegian energy firm Aker ASA and investment firm 8090 Industries led the Series C round, which values the startup at $14.6 billion, the AI hyperscaler said in a statement on Monday. Several tech companies also participated in the round, including Nvidia Corp., Lenovo Group Ltd. and Nokia Oyj.