Supported by Nvidia, the UK artificial intelligence infrastructure company Nscale has reached a valuation of 14.6 billion dollars after completing Series C funding of 2 billion dollars, becoming a European unicorn. This round of funding was led by Goldman Sachs and JPMorgan, and will support its vertical integration strategy from energy to computing software as well as expansion plans, including an IPO possibly this year. The company also appointed former Meta COO Sheryl Sandberg and other well-known figures to its board of directors, and will be fully responsible for the “Stargate Norway” project, which aims to deploy 100,000 Nvidia GPUs by 2026. OpenAI will be one of its first clients.

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