Funding round
Nscale Series C
Nscale, which works in AI infrastructure solutions development in Norway, raised $2.00B in a Series C round announced on 9 Mar 2026, led by Aker ASA and 8090 Industries, at a $14.60B post-money valuation. 11 firms took part, 1 of them already investors. It is Nscale's fifth venture round on record; the one before was a Series B in Sep 2025.
$2.00B
Amount raised
$14.60B
Post-money valuation
11
Investors
2 leads
14%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Nscale at $14.60B after the new money. The $2.00B bought investors about 14% of the company. It came 6 months after Nscale's Series B. It is 54% of the $3.72B Nscale has raised in the venture rounds on record. No later venture round is on record for Nscale.
Nscale's funding rounds
Nscale has 5 venture rounds on record and 5 other deals. This one is highlighted.
- Seed 1 Dec 2023 $30M
- Growth 1 Dec 2024, led by Blue Owl Capital $433M
- Series A 9 Dec 2024, led by Sandton Capital Partners $155M
- Series B 25 Sep 2025, led by Aker ASA $1.10B
- Debt not a venture round 12 Feb 2026, led by PIMCO, Blue Owl Capital and LuminArx Capital Management $1.40B
- Series C this round 9 Mar 2026, led by Aker ASA and 8090 Industries $2.00B$14.60B post-money
- Debt not a venture round 11 May 2026 $790M
- Debt not a venture round 7 Jul 2026 $900M
- Debt not a venture round 31 Aug 2026 $3.00B
- Debt not a venture round 28 Sep 2026, led by Third Point $3.36B
Investors
Who put money in
Aker ASA and 8090 Industries led the round with 9 other firms. Aker ASA had backed Nscale before.
Lead investors
- Aker ASA existing investor
- backs 19 venture-backed companies new investor
Also in the round
- backs 3 venture-backed companies new investor
- backs 26 venture-backed companies new investor
- backs 79 venture-backed companies new investor
- Jane Street new investor
- Lenovo new investor
- Linden Advisors new investor
- Nokia new investor
- NVIDIA new investor
- backs 20 venture-backed companies new investor
Joined the board: Sheryl Sandberg (Sandberg Bernthal Venture Partners), Susan Decker (Raftr) and Nick Clegg (Hiro Capital).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Hosting & Cloud Infrastructure Providers, then Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| PaleBlueDot AI Hosting & Cloud Infrastructure Providers | 2 Oct 2026 | $200M | $3.20B | ComputeCore |
| Hosting & Cloud Infrastructure Providers | 21 Oct 2026 | $66M | $1.00B | Sequoia Capital |
| Sierra Space Aerospace and Defence | 5 Mar 2026 | $550M | $8.00B | LuminArx Capital Management |
| Software Development Services | 13 Mar 2026 | $300M | not disclosed | CDH Investments |
| Medical Supply Manufacturers | 5 Mar 2026 | $230M | $1.50B | not named |
| ALSO Automobile Dealers & Manufacturers | 31 Mar 2026 | $200M | $1.00B | Greenoaks |
| Data Solutions | 31 Mar 2026 | $170M | $1.30B | HarbourVest |
| Aerospace and Defence | 26 Mar 2026 | $170M | not disclosed | Mohari Ventures Natural Capital |
Sources
Where this comes from
Reported by 15 sources.
Questions
Frequently asked
How much did Nscale raise in its Series C round?
Nscale raised $2.00B in its Series C round, announced in Mar 2026.
Who led Nscale's Series C round?
Aker ASA and 8090 Industries led it, with Astra Capital Management, Citadel, Dell Technologies Capital, Jane Street and Lenovo and 4 more.
What was Nscale's valuation at the Series C round?
$14.60B post-money.