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Investing.com -- Nscale Global Holdings has secured $1.1 billion in funding from investors including Nvidia (NASDAQ:NVDA), Dell Technologies, and Nokia to expand its data centers across Europe, North America, and the Middle East.
The U.K.-based artificial intelligence infrastructure startup provides networking, storage, and computing resources needed to power AI systems. Nscale has established partnerships with major tech companies including OpenAI, the creator of ChatGPT, and Microsoft.
Last week, Nscale announced a collaboration with Nvidia and OpenAI to establish AI infrastructure in the U.K. through a project called Stargate U.K. This initiative will utilize tens of thousands of Nvidia’s graphics processing units (GPUs). Additionally, Nscale is working with Microsoft to develop what it describes as the U.K.’s largest AI supercomputer.
The Series B funding round includes a $285 million investment from Norwegian industrial group Aker, giving it a 9.3% stake in Nscale. Aker’s investment follows a partnership formed two months ago between Aker, Nscale, and OpenAI to create Stargate Norway, a data center project in northern Norway expected to house 100,000 Nvidia GPUs.
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