Nscale Raises $155 Mn in Series A to Expand AI Ops

UK-based Nscale, an AI hyperscaler, has secured $155 million in Series A funding to expand its AI-focused infrastructure across Europe and North America. Sandton Capital Partners led the funding round, which included participation from Kestrel, Bluesky Asset Management, and Florence Capital. 

The funding follows Nscale’s $30 million seed round in December 2023. 

The company claimed that the funding round underscores strong market confidence in its approach to hyperscale AI solutions. Nscale designs AI-specific data centres, deploys large-scale GPU infrastructure, and offers high-performance AI cloud services. 

“Nscale manages every layer of infrastructure to meet the intensive requirements of large-scale AI customers,” said Joshua Payne, CEO of Nscale. 

Its full-stack platform claims to support the entire generative AI lifecycle, providing developers with tools to train and run AI models. 

The platform includes GPU nodes, Kubernetes-native services, AI workload scheduling, and serverless inferencing options. Nscale plans to launch a public cloud service in early 2025.

Since its stealth launch in May 2024, Nscale has expanded its data centre pipeline from 300MW to 1.3GW. The company plans to develop 120MW of capacity in 2025, focusing on large supercluster deployments. 

Using advancements in direct liquid cooling, the company aims to maximise efficiency while minimising environmental impact.

“With a 1.3GW pipeline, we can design end-to-end solutions faster and at any scale,” Payne added. “This funding allows us to deliver bespoke GPU clusters globally while maintaining cost efficiency and sustainability.”

Meanwhile, Rael Nurick, co-founder of Sandton Capital Partners, highlighted Nscale’s potential. “With a strong founder track record and vertically integrated approach, Nscale is positioned to power enterprise AI at scale,” Nurick said.

Nscale recently partnered with Open Innovation AI to deploy 30,000 GPUs in MENA over three years and received industry recognition with its Svartisen Cluster included in the 2024 Top 500 super-computing systems list.