Nscale raises $1.1 billion from Aker, other investors for AI buildout

September 25, 2025

, By The Economic Times

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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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Nscale raises $1.1 billion from Aker, other investors for AI buildout

September 25, 2025

, Published By The Economic Times

nscale-raises-1-1-billion-from-aker-other-investors-for-ai-buildout.jpg

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.

U.S. artificial…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Happiest Minds sees limited impact from H-1B changes, focuses on local hiring

Next News

Did Swiggy Hive Off Instamart To Help In Inventory Pivot, Fund Raise?

The Economic Times

More like this

Popular

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