UK-based vertically-integrated AI hyperscaler operating GPU data centers and the Nscale Cloud platform
AI📍 London, UKFounded 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
CEO
Josh Payne
Founded
2024
HQ
London, UK
Employees
~250
Total Raised
$685M
Last Round
Series A — $155M (Jun 2025) · Lead: Sandton Capital Partners
IPO Status
no imminent plans
Fundraising Status
Series A · $155M · 1y 2mo ago
no imminent plansTotal raised $685M
Secondary Market
Implied price / share
$1,102.33
Open interest
1
Secondary price return by period
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →
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.