Nscale
UK-based vertically-integrated AI hyperscaler operating GPU data centers and the Nscale Cloud platform
AI
📍 London, UK
Founded 2024
Current Valuation
$3.0B
as of 2025-Q3
UNICORN
Nscale operates GPU data centers in Norway and the UK using hydropower for cost and emissions advantages. Spun out of Arkon Energy's compute division in 2024. Microsoft signed a multi-year deal for AI compute capacity in late 2025, and the company is expanding aggressively in the UK and EU.
Company Profile
Last Round
Series A — $155M (Jun 2025) · Lead: Sandton Capital Partners
IPO Status
no imminent plans
Fundraising Status
Series A · $155M · 1y 1mo ago
no imminent plansTotal raised $685M
Latest Funding Round
| Round | Amount | Date | Lead Investor | Post-Money |
|---|
| Series A | $155M | Jun 2025 | Sandton Capital Partners | — |
Founders & Key People
Josh Payne
Investors
Sandton Capital Partners · Kingsway Capital · Florence Capital · Bain Capital Ventures
Products
- Nscale Cloud (managed GPU)
- Nscale Serverless
- Glomar (proprietary data center design)
Competitors
CoreWeave · Lambda · Crusoe · Voltage Park
AI InfrastructureGPU CloudHyperscalerUK
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2025-Q3. Refreshed quarterly.