Nscale, a Lodnon, UK-based AI hyperscaler, raised $155M in Series A funding.
The round was led by Sandton Capital Partners, with participation from Kestrel, Bluesky Asset Management, and Florence Capital.
The company intends to use the funds to accelerate expansion across Europe and North America.
Led by CEO Joshua Payne, Nscale develops sustainable AI-ready data centres, deploys massive-scale GPU infrastructure, and delivers AI cloud services. Its AI private cloud platform is designed to support the entire generative AI lifecycle, enabling developers to run and train AI models. It also provides bare metal and virtualised GPU nodes, Kubernetes-native services (NKS), AI workload scheduling empowered by SLURM, and advanced serverless and dedicated inferencing options. In addition, Nscale is launching a public cloud service in Q1 2025 that will provide developers access to purpose-built inference and training solutions in a flexible development environment.
Since launching from stealth in May 2024, Nscale has experienced high demand for AI infrastructure, quickly growing its pipeline of greenfield data centres across Europe and North America from 300MW to 1.3GW, with 120MW planned for 2025 development. These sites will be designed from the ground up to support large supercluster deployments for global hyperscalers and LLM platforms, leveraging the latest advancements in closed-loop direct liquid cooling to deliver maximum performance and efficiency, while minimising environmental impact.
Nscale recently 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.
FinSMEs
09/12/2024