{"id":28134,"date":"2026-03-09T14:37:40","date_gmt":"2026-03-09T12:37:40","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=28134"},"modified":"2026-03-09T14:37:40","modified_gmt":"2026-03-09T12:37:40","slug":"nvidia-backed-nscale-valued-at-14-6-billion-in-fresh-funding-round","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/nvidia-backed-nscale-valued-at-14-6-billion-in-fresh-funding-round\/","title":{"rendered":"Nvidia-backed Nscale valued at $14.6 billion in fresh funding round"},"content":{"rendered":"<div>The Series C funding round was led by Norway&#8217;s Aker and 8090 Industries, and included Nvidia, Citadel, Dell, Jane Street, among \u2060others, the firm said in a statement.<\/div>\n<div><\/div>\n<div>Former Meta Executives; Nick Clegg and Sheryl Sandberg, and former Yahoo President Susan Decker will join the board of the AI firm, the company said. The funding round comes ahead of the AI group&#8217;s preparations for an initial public offering, for which Nscale \u200cGlobal \u2060has hired Goldman Sachs and JPMorgan as underwriters, sources said earlier this year.<\/div>\n<div><\/div>\n<div>The timeline for the potential listing has not yet been set, the \u2060sources had said.\u00a0Founded in 2024, Nscale owns and operates its own data centres, graphic processing units (GPUs), and software stack to \u2060deliver large-scale, GPU-powered AI computer. The new funding will help it expand its\u00a0data\u2011centre capacity \u2060to meet soaring demand for AI computing from customers, including Microsoft and OpenAI.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n<div><\/div>\n","protected":false},"featured_media":15422,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-28134","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Nvidia-backed artificial intelligence group Nscale was valued at $14.6 billion after raising $2 billion in its latest \u200cfunding round, the British company said on Monday","published_date":"2026-03-09 00:00:00","news_description":"Nvidia-backed artificial intelligence group Nscale was valued at $14.6 billion after raising $2 billion in its latest \u200cfunding round, the British company said on Monday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/28134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/28134\/revisions"}],"predecessor-version":[{"id":28135,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/28134\/revisions\/28135"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/15422"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=28134"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=28134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}