tech

March 9, 2026

Sandberg, Clegg join Nscale board as this 'Stargate Norway' startup hits $14.6B valuation

Nvidia-backed British AI infrastructure startup Nscale has raised another megaround of $2 billion.

Sandberg, Clegg join Nscale board as this 'Stargate Norway' startup hits $14.6B valuation

TL;DR

  • Nscale, an AI infrastructure company backed by Nvidia, is now valued at $14.6 billion.
  • The company raised $2 billion in a Series C round, the largest in European history, including a pre-Series C SAFE from October.
  • Nscale plans to go public, potentially as early as this year, to generate more capital.
  • Sheryl Sandberg, Susan Decker, and Nick Clegg are joining Nscale's board.
  • Nscale is managing Aker's joint venture 'Stargate Norway', which aims to run on 100,000 Nvidia GPUs by the end of 2026, with OpenAI as an initial customer.
  • The company has an expanded deal with Microsoft to deploy approximately 200,000 Nvidia GPUs in Europe and the U.S.
  • Nscale also raised $1.4 billion in debt financing backed by GPUs.
  • The company intends to leverage enterprise demand, renewable energy, and invest in regional infrastructure.

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