Nscale, a U.K. artificial intelligence startup backed by Nvidia NASDAQ:NVDA, has secured a $900 million revolving credit facility to strengthen its balance sheet and support a faster build-out of AI data centers. The company said the financing is expected to help accelerate capital deployment across the U.S., Europe, and APAC, giving investors another signal that demand for AI infrastructure remains a major funding theme.
The facility was arranged with a group of global financial institutions, including J.P. Morgan NYSE:JPM, Goldman Sachs NYSE:GS, Morgan Stanley, MUFG, RBC Capital Markets, Bank of America NYSE:BAC, Credit Agricole CIB, Deutsche Bank NYSE:DB, Mizuho, SMBC, TD Securities, and KeyBank N.A. Nscale CEO and founder Josh Payne said the agreement reflects institutional confidence in the company's platform, capital structure, and team, while also increasing its flexibility to build infrastructure for major technology companies at greater speed and scale.
The financing follows Nscale's May partnership with Microsoft, a major technology company, on a Portugal data center, where more than 12,600 Nvidia Blackwell Ultra GPUs are being deployed at the first building of the Sines Data Campus. The two companies also worked together in April on a data center in Norway, suggesting Nscale's latest credit facility could help support a broader AI infrastructure expansion at a time when investors continue to track capital flowing into data centers and advanced GPU capacity.