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AI hyperscaler Nscale raises $155m to fuel expansion
Silicon Republic December 9, 2024
The company will be launching a public cloud service early next year to provide developers access to purpose-built inference and training solutions.
Nscale, the London-based artificial intelligence (AI) cloud provider, has raised $155m in a funding round to fuel its growth plans across Europe and North America. The oversubscribed Series A round was led by Sandton Capital Partners, and saw participation from Kestrel, Bluesky Asset Management and Florence Capital.
According to the AI hyperscaler, the funding will be used to accelerate the deployment of large-scale GPU clusters for AI training, fine-tuning and inferencing workloads.
It also plans to expand its 1.3GW pipeline of greenfield data centre sites – or sites that the company started from scratch – in Ohio, Texas,...
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