Nokia Joins $2B Series C Round in AI Infrastructure Startup Nscale at $14.6B Valuation
Nokia joined a $2 billion Series C funding round in UK AI infrastructure developer Nscale led by Aker ASA and 8090 Industries, valuing it at $14.6 billion. Proceeds will accelerate development of Nscale’s integrated AI data-center platform across Europe, North America and Asia with new board members Sheryl Sandberg, Nick Clegg and Susan Decker.
1. Nokia Participation in $2B Funding Round
Nokia joined other technology firms, including Nvidia and Lenovo, in contributing to Nscale’s $2 billion Series C funding round, marking a strategic entry into the fast-growing AI infrastructure sector.
2. $14.6B Valuation Led by Aker ASA and 8090 Industries
The financing round was led by Norwegian energy company Aker ASA and investment firm 8090 Industries, valuing Nscale at $14.6 billion and reflecting strong investor confidence in scalable AI data centers.
3. Funding to Accelerate AI Infrastructure Expansion
The fresh capital will support rapid build-out of Nscale’s vertically integrated platform—covering GPU processing, high-speed networking, data services and orchestration software—across Europe, North America and Asia.
4. High-Profile Board Appointments Strengthen Governance
Nscale appointed former Meta executive Sheryl Sandberg, former Yahoo executive Susan Decker and former Meta vice president Nick Clegg to its board to bolster industry expertise ahead of a potential U.S. public offering.