Nscale
British AI infrastructure provider
From Wikipedia, the free encyclopedia
Nscale is a Europe-based technology company that operates data centres and GPU cloud infrastructure.[1] Headquartered in London, the company was founded in 2024 by Joshua Payne.[2][3]
 | |
| Type | Private |
|---|---|
| Industry | AI Infrastructure |
| Founded | May 2024 in London, United Kingdom |
| Founder | Joshua Payne |
| Headquarters | London, United Kingdom |
| Products | AI Services, AI Private Cloud, AI Factories |
Number of employees | ~1,000 |
| Website | https://www.nscale.com/ |
History
Nscale was incorporated on May 29, 2024 by co-founders Josh Payne and Nathan Townsend.[1] The company began as an offshoot of Arkon Energy as a provider of infrastructure for crypto mining, according to the Financial Times.[4] Arkon was based in Melbourne, and Payne is Australian.[5] The FT reported that "Nscale was born (from “stealth mode”) out of Arkon Energy, a Melbourne, Australia-based crypto miner following a $155mn Series A funding round in December 2024. At the same time, Nscale's bitcoin mining operations were being wound down."[6]
Nscale's Series B investment round in 2025 raised $1.1 billion from companies like "Aker, the Norwegian industrial investment company, with additional participation from a raft of firms including NVIDIA, Nokia and Dell".[7]
By October 2025, Nscale secured $433 million in a pre-Series C SAFE funding round[8] and had expanded into Portugal, the UK, US, and Iceland.[9]
In March 2026, Nscale raised $2 billion in its Series C funding round[10][11] as former Meta COO Sheryl Sandberg, former Yahoo! president Susan Decker, and former U.K. deputy prime minister Nick Clegg joined its board of directors.[4][12][13][14] The company achieved a valuation of $14.6 billion in March 2026.[15][16][17]
Partnerships and projects
- Nscale has a partnership with Microsoft to supply the tech firm with 200,000 NVIDIA chips.[18]
- In September 2024, Nscale partnered with Singtel to expand Graphics Processing Unit as a Service (GPUaaS) capacity across Europe and Southeast Asia. The agreement provided Nscale access to NVIDIA H100 GPUs through Singtel’s Paragon platform and data centre infrastructure from Nxera, while Singtel gained access to Nscale’s AMD and NVIDIA accelerator capacity in Europe for regional AI workloads.[19]
- Nscale partnered with Vast Data in October 2025 to deploy Vast Data's AI Operating System as the data layer for Nscale's global AI cloud infrastructure.[20]