Nscale, a UK-based cloud computing company specializing in GPU rental services, has appointed three former executives from Meta to its board of directors. This strategic move coincides with the completion of a Series C funding round that raised $2 billion, valuing the company at $14.6 billion.
New Board Members
The newly appointed board members include Sir Nick Clegg, former deputy prime minister and Meta’s ex-president of global affairs; Sheryl Sandberg, who served as Meta’s chief operating officer from 2008 to 2022; and Susan Decker, former president of Yahoo. Nscale confirmed these appointments alongside the funding announcement.
Expertise and Background
Sir Nick Clegg brings significant experience at the intersection of technology and policy, having previously defended Meta’s positions on various regulatory matters. His recent comments on AI copyright issues suggest a focus on minimizing regulatory burdens for tech companies. Clegg is also a general partner at Hiro Capital, which invests in emerging technologies.
Sheryl Sandberg, who remained on Meta’s board until 2024, has been involved in investment ventures following her departure. Her tenure at Meta included significant involvement in the company’s strategic decisions during a tumultuous period marked by privacy controversies.
Susan Decker, known for her leadership at Yahoo and her current board roles at several major companies, is expected to contribute financial and governance expertise to Nscale.
Funding and Future Plans
The Series C funding round was led by Aker ASA and 8090 Industries, with participation from major players like Dell, Lenovo, and Nvidia. This influx of capital will support Nscale’s ongoing projects, including a joint venture with Aker aimed at constructing a 230 MW datacenter to provide 100,000 Nvidia GPUs for OpenAI by the end of 2026.
Nscale’s strategic moves, including the board appointments and funding, position the company to enhance its capabilities in the competitive cloud computing market, particularly in AI and GPU services.
This article was produced by NeonPulse.today using human and AI-assisted editorial processes, based on publicly available information. Content may be edited for clarity and style.
