Nvidia will invest £500m in AI data centre startup Nscale, amid a flurry of multi-billion dollar funding announcements from US tech giants into the UK’s AI infrastructure.
UK-based Nscale said it would invest £2.5bn into UK data centre infrastructure over the next three years in January. Founded in 2024, it previously raised $185m, according to Dealroom.
Jensen Huang announced the all-equity investment into the startup on Wednesday during a press briefing.
He said that over the next six years, Nscale could hit revenue of up to $50bn. “Nscale will be a partner to build AI infrastructure all over the world. It’s going to be a very large UK technology company.”
Nscale has inked partnerships with some of the world’s biggest tech companies in recent months.
In July, the startup announced a deal with OpenAI to design and build an AI gigafactory — data centres made to cope with the huge processing requirements of the technology — in Norway.
OpenAI dubbed the plans a European “Stargate” — the name given to a $500bn AI infrastructure project in the US.
Nscale was previously fundraising for a $1.8bn debt deal led by Goldman Sachs bankers, Bloomberg reported in April, citing an offering document it had seen. The document also showed the company was trying to raise $900m in equity and convertible, the publication said.
The deal comes as the UK government has promised to provide homegrown startups with “funding, training and industry collaboration opportunities” as part of a sweeping £31bn deal struck with the US.
Nvidia said it would, alongside partners Nscale and CoreWeave, invest up to £11bn in UK AI factories with 120,000 NVIDIA Blackwell GPUs — representing the largest AI infrastructure rollout in the country’s history, on Tuesday.
The infrastructure would power initiatives such as OpenAI’s Stargate UK, the company said.
Huang said Nvidia would announce more investments into UK startups and scaleups. When asked whether that figure would run into the billions, he said: “those are the numbers I throw around these days.”
