Funding
Nscale raises $1.1 billion from Aker, other investors for AI buildout
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British artificial intelligence group Nscale has raised $1.1 billion from investors, including Norway’s Aker ASA and Finland’s Nokia, to help accelerate its data centre infrastructure buildout, the companies said on Thursday.
The so-called Series B funding round was led by Aker, the investment company of Norwegian billionaire Kjell Inge Roekke, which injected $285 million in cash and assets, taking a stake of 9.3% in Nscale.
A potential future earn-out could further increase Aker’s ownership to 12.2%, the Norwegian group said.
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