Sandberg, Clegg join Nscale board as this ‘Stargate Norway’ startup hits $14.6B valuation
AI infrastructure company Nscale achieved a $14.6 billion valuation after a $2 billion Series C round.Summary
Nvidia-backed British AI infrastructure company Nscale reached a $14.6 billion valuation following a $2 billion Series C funding round, making it one of Europe's newest decacorns. The company focuses on vertical integration across energy, data centers, compute, and orchestration software. Nscale announced that former Meta COO Sheryl Sandberg, former Yahoo president Susan Decker, and former UK deputy prime minister Nick Clegg are joining its board. The funding, supported by Goldman Sachs and JPMorgan, suggests potential IPO preparations as early as this year. Nscale is also developing the "Stargate Norway" project, aiming to run 100,000 Nvidia GPUs by 2026, with OpenAI as an initial customer. The company has also secured major deals with Microsoft and Dell to deploy thousands of GPUs across Europe and the US.
(Source：TechCrunch)