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00:02NVIDIA-backed in scale said Monday it raised $2 billion in a Series C funding round that
00:08valued the NVIDIA-backed Artificial Intelligence Infrastructure Company at $14.6 billion,
00:14according to Reuters. The round was led by Norway's Acre and 8,090 Industries
00:18and included investors such as NVIDIA, Citadel, Dell, and Jane Street.
00:23Former Meta executives Nick Clegg and Sheryl Sandberg and former Yahoo! president Susan
00:28Decker will join the company's board. Nscale was founded in 2024 and owns data centers,
00:34graphics processing units, and a software stack used to deliver large-scale GPU-powered AI compute.
00:39The company said the funding will expand data center capacity to meet demand from customers,
00:45including Microsoft and OpenAI. Nscale has hired Goldman Sachs and JP Morgan as underwriters for
00:51a potential initial public offering, though a timeline has not been set. For all things money,
00:55visit Benzinga.com.
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