British AI Firm Nscale Secures $2 Billion in Historic European Funding Round
London, Monday 9 March 2026
Valued at $14.6 billion, British AI firm Nscale has raised a record $2 billion. This historic round notably adds tech veterans Sheryl Sandberg and Nick Clegg to its board.
Orchestrating the AI Infrastructure Boom
The massive $2 billion injection, announced on 9 March 2026, incorporates funds previously secured during Nscale’s pre-Series C SAFE transaction [2][3]. Led by Norwegian industrial investment company Aker ASA and deep-tech venture firm 8090 Industries, the equity round attracted a formidable syndicate of legacy hardware providers and financial institutions [1]. Technology heavyweights Nvidia, Dell, Lenovo, and Nokia participated alongside financial powerhouses such as Citadel, Jane Street, and Point72 [1][3]. According to 8090 Industries General Partner Rayyan Islam, the capital will fuel a vertically integrated approach to AI infrastructure, encompassing everything from energy procurement and data centre construction to graphics processing unit (GPU) compute and orchestration software [2]. This strategy aims to resolve the physical bottlenecks currently limiting the global AI economy [2].