Nscale, a London-based AI hyperscaler, has raised $155m, marking one of the largest Series A rounds in the UK for 2024.
- The company aims to expand its data centre capacity from 300MW to 1.3GW, focusing on Europe and North America.
- Nscale’s innovative liquid cooling technology enhances performance while reducing environmental impact.
- Investors in the funding round include Sandton Capital Partners, Kestrel 0x1, Blue Sky Capital Managers Ltd, and Florence Capital.
- Nscale plans to launch a public cloud service to offer bespoke AI solutions to developers by next year.
In December 2024, Nscale, an AI hyperscaler based in London, successfully secured $155 million in a Series A funding round. This significant investment positions Nscale as a major player in the UK’s AI sector, reflecting the company’s strategic efforts to capitalise on the growing demand for computational power needed by artificial intelligence enterprises.
Nscale was founded with the ambition to revolutionise data centre designs to support expansive supercluster deployments. Utilising advanced closed-loop direct liquid cooling technology, Nscale aims to substantially improve data centre performance and efficiency, while simultaneously mitigating environmental impacts. This approach not only positions Nscale as a leader in sustainable technology but also highlights its commitment to operational excellence.
With the newly acquired funds, Nscale intends to accelerate the growth of its greenfield data centres across Europe and North America. The company’s goal is to expand its capacity from 300MW to an impressive 1.3GW, with 120MW already planned for development in the coming year. This expansion underscores Nscale’s ambition to meet global demands with tailored infrastructure solutions.
The successful funding round was a collaborative effort led by Sandton Capital Partners, alongside notable participants such as Kestrel 0x1, Blue Sky Capital Managers Ltd, and Florence Capital. Philippe Sachs, a general partner at Kestrel, also serves as Nscale’s chairman, providing strategic guidance. Joshua Payne, CEO of Nscale, expressed the company’s dedication to delivering bespoke AI infrastructure globally, emphasizing sustainability and cost-effectiveness.
In a move poised to further augment its service offerings, Nscale plans to introduce a public cloud service that will enable developers to access purpose-built inference and training solutions. This development is expected to provide a flexible environment for AI innovation, ensuring that enterprises can harness Nscale’s capabilities to unlock new AI-driven products and services.
Nscale’s substantial funding signifies its strategic focus on sustainable growth and innovation in the AI infrastructure landscape.
