COPENHAGEN, Sept 25 (Reuters) - British artificial
intelligence group Nscale has raised $1.1 billion from
investors, including Norway's Aker ASA ( AKAAF ) 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 ( AKAAF ), 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 ( AKAAF )
ownership to 12.2%, the Norwegian group said.
U.S. artificial intelligence company OpenAI in July said it
would build its first European data centre in Norway's Arctic
city of Narvik, jointly with Nscale and Aker ( AKAAF ).
Sandton Capital, Blue Owl Managed Funds, Dell, Fidelity
Management & Research Company, G Squared, NVIDIA ( NVDA ), Point72 and
T.Capital also took part in the funding round, Nscale said.
Aker ( AKAAF ) said its 50% stake in the Aker-Narvik joint venture can
be converted into additional Nscale shares at a future initial
public offering.
(Reporting by Essi Lehto and Elviira Luoma, editing by)