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Nscale announced that it has secured $2 billion in funding, reaching a valuation of $14.6 billion. This Series C funding round was led by Aker ASA and 8090 Industries, with Nvidia among the key investors.

The capital will be used to expand Nscale's AI computing infrastructure across Europe, North America, and Asia. Nscale's facilities in the UK, USA, Norway, Portugal, and Iceland are designed to meet the increasing processing demands of AI models.

Partnerships with Microsoft and OpenAI to launch the Stargate AI project in Norway further emphasize the rising interest in AI infrastructure as companies seek robust computing environments. Nscale is also considering a public listing as it expands.