# Nscale AS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nscale

- Industry: IT Infrastructure
- Headquarters: UK
- Website: www.nscale.com
- Total disclosed funding: $5.2B
- Investors on record: 22

## About

Based in the UK, and founded in 2023 by current CEO Josh Payne, NScale Global Holdings Limited, trading under the name Nscale AS operates as a software company that focuses on providing an AI cloud platform tailored for optimized GPU resource allocation.  In March 2026, Nscale AS raised USD 2 billion in series C funding from investors including 8090 Industries, Aker Asset management and others.
Nscale specializes in providing an AI cloud platform that delivers optimized GPU resources tailored to specific customer requirements. Their core product offerings include access to thousands of high-performance GPUs from leading manufacturers such as AMD and NVIDIA, designed to support both AI and high-performance computing (HPC) tasks. The platform integrates various AI/ML tools and resources, facilitating efficient model development and deployment. Key features include serverless architecture for scalable AI inference, advanced orchestration tools utilizing Slurm and Kubernetes for workload management, and fast, affordable infrastructure tailored for both batch and streaming workloads. Nscale serves a diverse client base across multiple geographical markets, including North America, Europe, and Asia, catering to enterprises engaged in AI development, research, and deployment. 
Nscale's revenue model is structured around a subscription-based service for its cloud platform, enabling businesses to access and utilize GPU resources as needed. Clients engage in transactions that involve tiered pricing plans, where the cost is determined based on the level of GPU access and usage, along with additional fees for specialized AI/ML tools available through the Nscale Marketplace. The company facilitates B2B interactions primarily, targeting enterprises that require scalable solutions for their AI workloads. Revenue is generated from both direct service subscriptions and potential partnerships, which may enhance client capabilities in AI development and deployment.
The company will use the March 2026 Series C funding to expand its AI infrastructure platform in Europe, North America, and Asia.

## Funding rounds

- Round, Oct 2, 2026, $1.9B — Nvidia
- Series C, Mar 1, 2026, $2B — Citadel Advisors, Linden Advisors, NVIDIA Corporation, Nokia, Lenovo Group, Point72 Asset Management, Astra Capital Management, Dell Technologies Capital, 8090 Industries, Aker Asset Management, Jane Street Group, LLC
- Series B, Sep 17, 2025, $1.1B — Microsoft, Fidelity Investments, NVIDIA Corporation, Sandton Capital Partners, G Squared, Nokia, Point72 Asset Management, Dell Technologies Capital, Blue Owl, Aker Asset Management, OpenAI, T.Capital
- Series A, Dec 9, 2024, $154M — Sandton Capital Partners, Florence Capital Advisors, Blue Sky Capital, Kestrel0x1

## Investors

- Sandton Capital Partners (https://capitalatlas.ai/funds/sandton-capital-partners) — Series A, Series B
- Florence Capital Advisors (https://capitalatlas.ai/funds/florence-capital-advisors) — Series A
- Blue Sky Capital — Series A
- Kestrel0x1 (https://capitalatlas.ai/funds/kestrel0x1) — Series A
- Microsoft — Series B
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series B
- NVIDIA Corporation — Series B, Series C
- G Squared (https://capitalatlas.ai/funds/g-squared) — Series B
- Nokia — Series B, Series C
- Point72 Asset Management — Series B, Series C
- Dell Technologies Capital (https://capitalatlas.ai/funds/dell-technologies-capital) — Series B, Series C
- Blue Owl (https://capitalatlas.ai/funds/blue-owl) — Series B
- Aker Asset Management — Series B, Series C
- OpenAI — Series B
- T.Capital (https://capitalatlas.ai/funds/t-capital-2) — Series B
- Citadel Advisors — Series C
- Linden Advisors — Series C
- Lenovo Group — Series C
- Astra Capital Management (https://capitalatlas.ai/funds/astra-capital-management) — Series C
- 8090 Industries (https://capitalatlas.ai/funds/8090-industries) — Series C
- Jane Street Group, LLC — Series C
- Nvidia