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Nvidia-Backed Nscale Raises $1.1B in Record European Series B Funding
Nvidia-Backed Nscale Raises $1.1B in Record European Series B Funding
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BTCCSquare news:
Nscale, a UK-based cloud computing firm backed by Nvidia, Microsoft, and OpenAI, has secured $1.1 billion in Series B funding—the largest such round in European history. The capital will accelerate the rollout of its AI-focused data centers, including projects like Stargate UK and Stargate Norway, while expanding its footprint across Europe, North America, and the Middle East.
CEO Josh Payne positioned the company as Europe’s answer to hyperscalers, emphasizing its renewable-energy-powered infrastructure for AI compute. The funding underscores intensifying global competition in AI infrastructure, though skeptics warn of a potential bubble as tech giants race to dominate the space.
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