Observed Signal · Oct 20, 2026 · Market Signal · Source: Nscale · Impact: 2/5
Nscale Joins the PyTorch Foundation as a Platinum Member
Nscale has joined the PyTorch Foundation as a Platinum Member, announced on October 20, 2026.
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Nscale Soars to $14.6B Valuation with Star-Studded Board
Nscale, a British AI infrastructure company backed by Nvidia, raised a $2 billion Series C that values the company at $14.6 billion. The Series C figure includes a prior $433 million pre-Series C SAFE from October backed by Blue Owl, Dell, Nvidia and Nokia. The round was supported by Goldman Sachs and JPMorgan; Nscale CEO Josh Payne said an IPO could be possible as early as this year. Former Meta COO Sheryl Sandberg, former Yahoo president Susan Decker, and former U.K. deputy prime minister Nick Clegg joined Nscale’s board. Nscale will fully manage its Norway joint venture project “Stargate Norway,” which aims to run on 100,000 Nvidia GPUs by end of 2026 and lists OpenAI as an initial customer. The company also struck an expanded Microsoft deal for ~200,000 Nvidia GPUs across multiple data centers and raised a $1.4 billion GPU‑backed delayed draw term loan.
Nscale buys Anyscale for $1.65B
British AI neocloud Nscale is acquiring software startup Anyscale for $1.65 billion to expand its control of the AI compute stack. Anyscale provides tooling to scale AI workloads across data centers and is built around the open-source Ray distributed Python framework. The acquisition aligns with Nscale’s vertically integrated strategy across energy, data centers and orchestration software, and will add Anyscale’s workload management and scaling capabilities while the startup continues to operate under its own brand. Anyscale’s roughly 200 employees will join Nscale. Nscale previously raised $2 billion in a March Series C that valued the company at $14.6 billion.
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