Nscale Bolsters Board Ahead of $14.6B Valuation US IPO Bid

Nscale, a London-based AI infrastructure company with a $14.6 billion private valuation, has added Fidji Simo to its board of directors as it prepares for a US initial public offering.

Simo serves as CEO of AGI Deployment at OpenAI and is one of the highest-profile executives to join Nscale's governance structure. She joins a boardroom that already reads like a who's who of Big Tech alumni, including former Meta COO Sheryl Sandberg and former Yahoo president Susan Decker.

Nscale is targeting a US IPO as early as September 2026, with Goldman Sachs and JPMorgan advising on the offering. The company is also pursuing up to $3.5 billion in pre-IPO financing from Nvidia, which is both a strategic backer and supplier of GPU hardware that powers Nscale's data centers.

The company has established partnerships with OpenAI, Microsoft, and Anthropic, and positions itself as a full-stack AI infrastructure provider building and operating data centers optimized for AI workloads. Its origins trace back to crypto mining infrastructure, but it has since pivoted to focus on AI compute.