Nscale valuation, funding and investors
Nscale works in AI infrastructure solutions development, based in Norway. Founded in 2024, it has about 989 employees.
- Last round
- Series C · $2.00B · Mar 2026
- Valuation at last round
- $14.60B
- Headcount
- 989 · growing
- Grade
- B
- Founded
- 2024
Nscale valuation today
VCMC values Nscale at $18.6B today, with a range of $12.7B to $24.8B and a grade of B. The valuation starts from its last funding round, a Series C round in Mar 2026.
Valuation by date (52 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2023 | $12.8M | $4.65M – $35.1M | $14.0M (+9%) | before first round | – | unknown | D | 0% |
| 1 Feb 2023 | $12.9M | $4.69M – $35.4M | $14.1M (+9%) | before first round | – | unknown | D | 0% |
| 1 Mar 2023 | $13.0M | $4.72M – $35.6M | $14.2M (+9%) | before first round | – | unknown | D | 0% |
| 1 Apr 2023 | $13.1M | $4.75M – $35.9M | $14.3M (+9%) | before first round | – | unknown | D | 0% |
| 1 May 2023 | $13.2M | $4.79M – $36.1M | $14.4M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jun 2023 | $13.3M | $4.83M – $36.4M | $14.5M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jul 2023 | $13.4M | $4.86M – $36.7M | $14.6M (+9%) | before first round | – | unknown | D | 0% |
| 1 Aug 2023 | $13.5M | $4.90M – $36.9M | $14.6M (+8%) | before first round | – | unknown | D | 0% |
| 1 Sep 2023 | $13.6M | $4.93M – $37.2M | $14.6M (+8%) | before first round | – | unknown | D | 0% |
| 1 Oct 2023 | $13.6M | $4.97M – $37.5M | $14.6M (+7%) | before first round | – | unknown | D | 0% |
| 1 Nov 2023 | $13.8M | $5.01M – $37.8M | $14.6M (+6%) | before first round | – | unknown | D | 0% |
| 1 Dec 2023 | $183M | $121M – $559M | $367M (+100%) | after a round | – | unknown | C | 0% |
| 2 Dec 2023 | $184M | $121M – $559M | $367M (+100%) | after a round | – | unknown | C | 0% |
| 1 Jan 2024 | $195M | $121M – $559M | $367M (+89%) | after a round | – | unknown | C | 0% |
| 1 Feb 2024 | $206M | $121M – $559M | $367M (+78%) | after a round | – | unknown | C | 0% |
| 1 Mar 2024 | $218M | $121M – $559M | $367M (+68%) | after a round | – | unknown | C | 0% |
| 1 Apr 2024 | $231M | $121M – $559M | $367M (+59%) | after a round | – | unknown | C | 0% |
| 1 May 2024 | $245M | $121M – $559M | $367M (+50%) | after a round | – | unknown | C | 0% |
| 1 Jun 2024 | $260M | $121M – $559M | $367M (+41%) | after a round | – | unknown | C | 0% |
| 1 Jul 2024 | $275M | $121M – $559M | $367M (+33%) | after a round | 35 | unknown | C | 0% |
| 1 Aug 2024 | $292M | $121M – $559M | $367M (+26%) | after a round | 35 | flat | C | 0% |
| 1 Sep 2024 | $309M | $121M – $559M | $367M (+19%) | after a round | 35 | flat | C | 0% |
| 1 Oct 2024 | $327M | $121M – $559M | $367M (+12%) | after a round | 35 | flat | C | 0% |
| 1 Nov 2024 | $347M | $121M – $559M | $367M (+6%) | after a round | 51 | growing | C | 0% |
| 1 Dec 2024 | $1.7B | $1.2B – $2.7B | $1.9B (+10%) | after a round | 51 | growing | B | 0% |
| 2 Dec 2024 | $1.7B | $1.2B – $2.7B | $1.9B (+10%) | after a round | 51 | growing | B | 0% |
| 10 Dec 2024 | $791M | $519M – $2.2B | $1.4B (+80%) | after a round | 51 | growing | C | 0% |
| 1 Jan 2025 | $820M | $519M – $2.2B | $1.4B (+73%) | after a round | 60 | growing | C | 0% |
| 1 Feb 2025 | $862M | $519M – $2.2B | $1.4B (+65%) | after a round | 60 | growing | C | 0% |
| 1 Mar 2025 | $901M | $519M – $2.2B | $1.4B (+58%) | after a round | 60 | growing | C | 0% |
| 1 Apr 2025 | $948M | $519M – $2.2B | $1.4B (+50%) | after a round | 60 | growing | C | 0% |
| 1 May 2025 | $994M | $519M – $2.2B | $1.4B (+43%) | after a round | 60 | growing | C | 0% |
| 1 Jun 2025 | $1.1B | $613M – $2.6B | $1.7B (+48%) | after a round | 128 | growing | C | 0% |
| 1 Jul 2025 | $1.2B | $613M – $2.6B | $1.7B (+40%) | after a round | 128 | growing | C | 0% |
| 1 Aug 2025 | $1.3B | $631M – $2.6B | $1.7B (+32%) | after a round | 146 | growing | C | 0% |
| 1 Sep 2025 | $1.4B | $631M – $2.6B | $1.7B (+24%) | after a round | 146 | growing | C | 0% |
| 26 Sep 2025 | $4.3B | $3.0B – $9.1B | $6.4B (+50%) | after a round | 146 | growing | B | 0% |
| 1 Oct 2025 | $4.3B | $3.0B – $9.1B | $6.4B (+49%) | after a round | 146 | growing | B | 0% |
| 1 Nov 2025 | $4.4B | $3.0B – $9.1B | $6.4B (+44%) | after a round | 146 | growing | B | 0% |
| 1 Dec 2025 | $4.7B | $3.3B – $9.9B | $7.0B (+50%) | after a round | 221 | growing | B | 0% |
| 1 Jan 2026 | $4.9B | $3.3B – $9.9B | $7.0B (+44%) | after a round | 221 | growing | B | 0% |
| 1 Feb 2026 | $5.1B | $3.3B – $9.9B | $7.0B (+38%) | after a round | 221 | growing | B | 0% |
| 1 Mar 2026 | $5.3B | $3.3B – $9.9B | $7.0B (+33%) | after a round | 221 | growing | B | 0% |
| 10 Mar 2026 | $14.6B | $12.7B – $21.8B | $19.0B (+30%) | after a round | 221 | growing | A | 0% |
| 1 Apr 2026 | $14.8B | $12.7B – $21.8B | $19.0B (+28%) | after a round | 221 | growing | A | 0% |
| 1 May 2026 | $15.2B | $12.7B – $21.8B | $19.0B (+25%) | after a round | 555 | growing | A | 0% |
| 1 Jun 2026 | $15.5B | $12.7B – $21.8B | $19.0B (+22%) | after a round | 555 | growing | A | 0% |
| 1 Jul 2026 | $15.8B | $12.7B – $21.8B | $19.0B (+20%) | after a round | 555 | growing | A | 0% |
| 1 Aug 2026 | $16.2B | $12.7B – $21.8B | $19.0B (+17%) | after a round | 555 | growing | A | 0% |
| 1 Sep 2026 | $16.6B | $12.7B – $21.8B | $19.0B (+15%) | after a round | 555 | growing | A | 0% |
| 1 Oct 2026 | $18.2B | $12.7B – $24.8B | $21.6B (+19%) | after a round | 989 | growing | B | 0% |
| 24 Oct 2026 | $18.6B | $12.7B – $24.8B | $21.6B (+16%) | after a round | 989 | growing | B | 0% |
Key facts about Nscale
- Founded
- 2024
- Headquarters
- Norway
- Employees
- about 989 +348% in a year
- Total raised
- $13.17B
- Funding rounds
- 10
- Last round
- Debt Sep 2026
Nscale was founded in 2024 by Josh Payne.
Nscale funding history
Nscale has 10 funding rounds on record, from Dec 2023 to Sep 2026, $13.17B in total. The latest disclosed valuation is $14.60B post-money (Series C, Mar 2026).
Debt 28 Sep 2026no round page
Led by Third Point; with NVIDIA, Apollo, Citadel, Hudson Bay Capital, Abu Dhabi Investment Council, 8090 Industries, Davidson Kempner, Qube Research & Technologies (QRT), Context Capital Management, Longaeva Partners L.P., Wellington Management, Castleknight, Ghisallo Capital Management, LionTree, Javelin Venture Partners, Irving Investors.
Sources: techfundingnews.com, nscale.com, finance.yahoo.com and 16 more
$3.36B
$3.00B
Debt 7 Jul 2026no round page
With J.P. Morgan, Goldman Sachs, Morgan Stanley, MUFG, RBC Capital Markets, Bank of America, Crédit Agricole CIB, Deutsche Bank, Mizuho, SMBC, TD Securities, KeyBank N.A..
Sources: nscale.com, prnewswire.co.uk, pymnts.com and 5 more
$900M
Debt 11 May 2026no round page
With ABN AMRO, DNB, Eksfin, Nordea, SEB.
Sources: finsmes.com, prnewswire.com, datacentrereview.com and 2 more
$790M
Series C 9 Mar 2026
Led by Aker ASA, 8090 Industries; with Astra Capital Management, Citadel, Dell Technologies Capital, Jane Street, Lenovo, Linden Advisors, Nokia, NVIDIA, Point72.
Sources: nscale.com, nscale.com, finance.yahoo.com and 12 more
$2.00B
$14.60B post-money
Debt 12 Feb 2026no round page
Led by PIMCO, Blue Owl Capital, LuminArx Capital Management.
Sources: nscale.com, finance.yahoo.com, eu-startups.com and 2 more
$1.40B
Series B 25 Sep 2025
Led by Aker ASA; with Sandton Capital, Blue Owl Capital, Dell Technologies Capital, Fidelity Management & Research Company, G Squared, Nokia, NVIDIA, Point72, T. Capital.
Sources: nscale.com, cnbc.com, uk.finance.yahoo.com and 3 more
$1.10B
Series A 9 Dec 2024
Led by Sandton Capital Partners; with Kestrel Partners, Blue Sky Capital Managers Ltd, Florence Capital.
Sources: techfundingnews.com, nscale.com, en.wikipedia.org and 2 more
$155M
Growth Equity 1 Dec 2024
Led by Blue Owl Capital; with NVIDIA, Dell Technologies Capital, Nokia.
Sources: techfundingnews.com, nscale.com, siliconrepublic.com and 1 more
$433M
Seed 1 Dec 2023
With Sandton Capital Partners, Kestrel0x1, Blue Sky Capital Managers, Florence Capital.
Sources: caproasia.com
$30M
Nscale investors
55 investors have backed Nscale; Blue Owl Capital, 8090 Industries and Aker ASA and 4 more led at least one round.
- Blue Owl Capital lead, 3 rounds
- Aker ASA lead, 2 rounds
- Sandton Capital Partners lead, 2 rounds
- PIMCO lead
- NVIDIA 4 rounds
- Nokia 3 rounds
- Florence Capital 2 rounds
- ABN AMRO
- Apollo
- Bank of America
- Blue Sky Capital Managers
- Blue Sky Capital Managers Ltd
- Castleknight
- Context Capital Management
- Crédit Agricole CIB
- Deutsche Bank
- DNB
- Eksfin
- Fidelity Management & Research Company
- G Squared
- Ghisallo Capital Management
- Goldman Sachs
- J.P. Morgan
- Jane Street
- KeyBank N.A.
- Lenovo
- Linden Advisors
- Longaeva Partners L.P.
- Mizuho
- Morgan Stanley
- MUFG
- Nordea
- Qube Research & Technologies (QRT)
- RBC Capital Markets
- Sandton Capital
- SEB
- SMBC
- TD Securities
- Wellington Management
What Nscale does
Nscale works in hosting & cloud infrastructure providers, with 15 recorded offerings and customers in telecommunications, software and technology, finance and insurance and manufacturing.
Nscale Global Holdings Limited is a Norwegian company engaged in artificial intelligence and high-performance computing solutions. The company provides AI infrastructure, including cloud services, serverless inference, and private cloud solutions, as well as training and inference clusters. Nscale operates data centers powered by renewable energy in the Arctic Circle and serves clients in sectors such as telecommunications, software and technology, finance and insurance, manufacturing, education, government, legal, and healthcare. The company also offers subscription-based services and supports its offerings with a vertically integrated infrastructure that includes GPU nodes, networking, storage, and software configurations.
Description from Veridion's company data.
Products and services
- AI Infrastructure Solutions Development
- AI Cloud Services
- Serverless Inference Services
- AI Model Fine-Tuning Services
- Private Cloud Infrastructure Deployment
- Training Cluster Deployment
- Inference Cluster Deployment
- Bare Metal Cluster Deployment
- AI Factory Deployment
- Kubernetes-Based AI Platform Integration
- Slurm-Based AI Platform Integration
- NVIDIA GPU Hardware Integration
- Sustainable Data Center Operation
- High-Performance Computing Consulting
- Industry-Specific AI Solution Development
Markets
- Telecommunications
- Software and Technology
- Finance and Insurance
- Manufacturing
- Education
- Government
- Legal
- Healthcare
Technology
- AI Cloud Services
- Serverless Inference
- Fine-Tuning
- AI Private Cloud
- Training Clusters
- Inference Clusters
- Bare Metal Clusters
- AI Factories
- Kubernetes
- Slurm
- NVIDIA GPUs
Certifications
- GDPR compliant
Business model
- Business-to-Business
- Service Provider
- Software-as-a-Service
- Enterprise
Industry codes (NAICS)
- 518210 Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services 70% match
- 541511 Custom Computer Programming Services 30% match
Questions about Nscale
What is Nscale worth?
Valuation $18.6B (range $12.7B to $24.8B), as of 24 Oct 2026. The last disclosed valuation was $14.60B (Series C, Mar 2026).
Has Nscale raised money?
Nscale has 10 funding rounds on record, from Dec 2023 to Sep 2026, $13.17B in total. The latest disclosed valuation is $14.60B post-money (Series C, Mar 2026).
Who has invested in Nscale?
Blue Owl Capital, 8090 Industries, Aker ASA, Sandton Capital Partners, LuminArx Capital Management and PIMCO, and 49 more. Lead investors include Blue Owl Capital, 8090 Industries, Aker ASA and Sandton Capital Partners.
How many people work at Nscale?
About 989, up 348% over the last year. Headcount grew from 35 in Jul 2024 to 989 in Oct 2026.
What does Nscale do?
Nscale works in hosting & cloud infrastructure providers, with 15 recorded offerings and customers in telecommunications, software and technology, finance and insurance and manufacturing. Its main offerings are AI infrastructure solutions development, AI cloud services and serverless inference services.
When was Nscale founded, and where is it based?
Nscale was founded in 2024 and is based in Norway. It has about 989 employees, up 348% over the last year.