AI infrastructure company Nscale has raised nearly $4 billion in total funding, with a valuation of $14.6 billion
Odaily Planet Daily News: AI infrastructure startup Nscale has disclosed a total fundraising of nearly $4 billion. After its latest $2 billion Series C funding round, the company's valuation has reached $14.6 billion. Previously a spin-off from cryptocurrency mining company Arkon Energy, Nscale now focuses on building and operating AI data centers, leasing computing power to enterprises. Its investors include tech giants such as Nvidia, Dell, and Nokia. Since 2026, Nscale has also secured $1.4 billion in GPU-backed loans and a $790 million credit facility to support its AI infrastructure expansion plans.
Nscale has participated in OpenAI's "Stargate" infrastructure project, deploying AI computing facilities in the UK and Norway. However, as OpenAI adjusted its related plans, some projects have been taken over by Microsoft and Google. (Fortune)
