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

Amid growing demand for data centers that can deliver AI computing at scale, Powered by Nvidia British AI infrastructure company size It is now worth $14.6 billion. This makes it one of Europe’s newest decathlon side-by-sides Hellsing and Mistral AI.

Nscale has bet on vertical integration, from power and data centers to computing and orchestration software. Its new rating stems from $2 billion Series Cwhich it calls “the largest in European history”, although the number includes a $433M Pre-Series C SAFE Supported by Blue Owl, Dell, Nvidia, and Nokia in October.

The increase was supported by Goldman Sachs and JP Morgan, whose participation was explained As preparation for the IPO -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 generate more capital.

Alongside its funding and plans, the company also announced that former Meta COO Sheryl Sandberg, former Yahoo CEO Susan Decker, and former UK Deputy Prime Minister Nick Clegg will join its board.

Nscale is no newcomer to big tours and announcements. It was announced last September Series B of $1.1 billion led by turbid. Aker is a Norwegian public company with interests in energy and is also co-leading the Series C alongside New York-based investment firm 8090 Industries.

The two companies also agreed that Aker’s joint venture with Nscale will now be entirely managed by the startup. The Norway-based AI infrastructure project, dubbed “Stargate Norway,” is ambitious To run on 100,000 Nvidia GPUs by the end of 2026,with OpenAI like Initial client.

“This move strengthens execution by putting delivery and governance under one roof, while maintaining continuity with the people and projects already underway,” according to Aker President and CEO Øyvind Eriksen, a member of Nscale’s board of directors.

Last October, Nscale also signed an agreement Extended deal With Microsoft’s Bringing nearly 200,000 Nvidia GPUs to three data centers In Europe and one in the United States, in cooperation 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 AI infrastructure across Europe, North America and Asia, while helping the company expand its engineering and operations teams and enhance its platform.

Aside from shares, the company also raised debt last month, with A deferred term loan of $1.4 billion Backed by GPUs to fund some of its collections across Europe. The program aims to harness the growing demand for enterprise and low-cost renewable energy while renewing its pledge to reuse waste heat, develop local skills and invest in regional infrastructure as part of Stargate Norway.