Nvidia-backed Nscale valued at $14.6 billion in fresh funding round

Nvidia-backed artificial intelligence group Nscale was valued at $14.6 billion after raising $2 billion in its latest funding round, the British company said on Monday. The Series C funding ‌round ⁠was led ⁠by Norway’s Aker and 8090 Industries, and included Nvidia, Citadel, Dell , Jane Street, among others, the firm said in a statement.

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’s preparations for an initial public offering, for which Nscale Global has hired Goldman Sachs and JPMorgan as underwriters, sources told Reuters earlier this year.