Sandberg and Clegg join Nscale board as ‘Stargate Norway’ startup is valued at $14.6 billion

With the growing demand for data centers that can support AI computing at scale, Powered by Nvidia British AI infrastructure company Scale it is currently worth $14.6 billion. This makes it one of the last decacorns in Europe Helsing and Mistral AI.

Nscale bets on vertical integration, from power and data centers to computing and orchestration applications. His new appreciation comes from it $2 billion Series Ccalls it “the largest in European history”, although the figure is a $433 million before Series C SAFE In October, Blue Owl is supported by Dell, Nvidia and Nokia.

The increase was supported by Goldman Sachs and JPMorgan, whose participation was commented on Like IPO preparation – and not without reason: Nscale CEO Josh Payne He told “The New York Times”. his company may seek to go public “early this year” to raise more capital.

Along with the funding and plans, the company also announced that former Meta COO Sheryl Sandberg, former Yahoo President Susan Decker and former UK Deputy Prime Minister Nick Clegg have joined the board.

Nscale is not new to big tours and announcements. He announced in September $1.1 billion Series B was leading Aker. Aker is a public Norwegian company with interests in the energy sector and is also leading a Series C round with New York-based investment firm 8090 Industries.

The companies also agreed that Aker’s joint venture with Nscale will now be fully managed by the startup. Dubbed Stargate Norway, this Norway-based AI infrastructure project has ambitions. It will run on 100,000 Nvidia GPUs by the end of 2026With OpenAI primary customer.

According to Øyvind Eriksen, president and CEO of Aker, who sits on Nscale’s board, “this move strengthens execution by bringing delivery and management under one roof while ensuring continuity for people and ongoing projects.”

Last October, Nscale also signed on extended contract with Microsoft bring nearly 200,000 Nvidia GPUs to three data centers In Europe and one in the US, in collaboration with Dell.

Dell and Nvidia participated in the Series C, as did Astra Capital, Citadel, Jane Street, Lenovo, Linden Advisors, Nokia and Point72. Nscale expects the new funding to accelerate the development of its AI infrastructure in Europe, North America and Asia, while helping the company expand its engineering and operations teams and strengthen its platform.

Apart from equity, the company also raised debt last month $1.4 billion in overdue loans It is supported by GPUs to finance some of its clusters in Europe. It aims to capitalize on growing enterprise demand and low-cost renewable energy, while renewing its commitment to reusing waste heat, developing local skills and investing in regional infrastructure as part of Stargate Norway.