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British AI datacentre firm Nscale raises $2bn as Sheryl Sandberg and Nick Clegg join board

09.03.2026 15:51 | The Guardian World

London-based startup, which is vital to the government’s artificial intelligence ambitions, is now valued at $14.6bnBusiness live – latest updatesNscale, a UK company vital to the government’s AI ambitions, has raised $2bn (£1.5bn) in a funding round and appointed former Meta executives Sheryl Sandberg and Nick Clegg to its board of directors.It brings the valuation of the London-based startup, which is backed by US tech company Nvidia, to $14.6bn, it said in a statement, and follows a $1.1bn funding round the company raised last September. Continue reading...

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