Nscale Raises $2B in Record Round, Adds Sandberg to Board

Nscale Raises $2 Billion in Record European Round, Adds Sandberg and Clegg to Board

UK neocloud Nscale closed Europe's largest Series C at $14.6B valuation. Sandberg, Clegg, Decker join board ahead of US IPO.

UK-based Nscale closed a $2 billion Series C today, the largest funding round ever completed by a European startup, according to the company. Norwegian industrial group Aker ASA and Dallas-based 8090 Industries led the round, which values the two-year-old data center operator at $14.6 billion. Nvidia, Dell, Citadel, Jane Street, Lenovo, Nokia, and Point72 also invested, with Goldman Sachs and J.P. Morgan running the placement.

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