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March 9, 2026 - Deals
Nscale Secures $2 Billion In Series C Funding Led By Aker ASA And 8090 Industries
Nscale, a UK-based developer of data centers for artificial intelligence, announced it has raised $2 billion in a Series C round at a $14.6 billion valuation, which the company described as the largest funding round of its kind in European history. The raise included backing from Nvidia as well as Dell, Lenovo, Nokia, Citadel, and Point72, and was led by Norwegian energy firm Aker ASA and investment firm 8090 Industries. Founded in 2024 as a spinoff from crypto mining firm Arkon Energy, the company has rapidly expanded in the “neocloud” sector that rents access to specialized AI chips. CEO and founder Josh Payne said the AI boom is driving a massive global infrastructure buildout and positioned Nscale as a key player in supplying that computing backbone. Alongside the funding announcement, Nscale added Sheryl Sandberg, Susan Decker, and former UK Deputy Prime Minister Nick Clegg to its board as it continues expanding its data center footprint and prepares for a potential IPO later in 2026.
FOUNDERS: Josh Payne, Nathan Townsend & Donald Morrison
INVESTORS: Aker ASA, 8090 Industries, Nvidia, Dell, Lenovo, Nokia, Citadel & Point72
ROUND: Series C
AMOUNT: $2,000,000,000
VALUATION: $14,600,000,000
HQ: United Kingdom
#VentureCapital #Nscale #JoshPayne #NathanTownsend #DonaldMorrison #TradedVC
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Lemma Raises $2.3 Million Pre-Seed Round Backed By Y Combinator And Other InvestorsLemma, a San Francisco-based AI agent observability startup, has raised a $2.3 million pre-seed round backed by Matrix, Y Combinator, Liquid 2 Ventures, and investors from OpenAI, xAI, Meta, and DoorDash. Founded in 2025 by Jerry Zhang and Cole Gawin, Lemma monitors more than 1 million AI agent traces daily to detect silent failures, identify root causes, and suggest fixes directly in the codebase. The company is targeting a growing problem in AI: agents that appear to work in testing but quietly fail in production.
FOUNDERS: Jerry Zhang and Cole Gawin
INVESTORS: Matrix, Y Combinator, Liquid 2 Ventures, Vermilion Cliffs Ventures, Irregular Expressions, Cervin Ventures, Comma Capital, Position Ventures, Eight Capital & angels from OpenAI, xAI, Meta and DoorDash
ROUND: Pre-Seed
AMOUNT: $2,300,000
HQ: San Francisco, California
#VentureCapital #Lemma #AI #TradedVC #AIInfrastructure
Vals AI Raises $40 Million In Series A Funding Led By Andreessen Horowitz At $400 Million ValuationVals AI raised $40 million in a Series A at a $400 million valuation, led by Andreessen Horowitz, with existing backers 8VC, Pear VC and Bloomberg Beta returning alongside new investors HRT Ventures and Next Ladder Ventures. Founded by CEO Rayan Krishnan and CTO Langston Nashold, the San Francisco startup is building an independent AI evaluation platform that uses private, domain-specific tests to measure models on real-world work. Vals says revenue grew eightfold in 2025, while its customer base doubled and team tripled in six months.
FOUNDERS: Rayan Krishnan & Langston Nashold
INVESTORS: Andreessen Horowitz, 8VC, Pear VC, Bloomberg Beta, HRT Ventures & Next Ladder Ventures
ROUND: Series A
AMOUNT: $40,000,000
VALUATION: $400,000,000
HQ: San Francisco, California
#VentureCapital #ValsAI #RayanKrishnan #LangstonNashold #TradedVC
Opendoor Technologies Raises $650 Million To Fund Share Repurchase And Growth InitiativesOpendoor Technologies raised $650 million through zero-coupon convertible senior notes to fund its first-ever share repurchase, with CEO Kaz Nejatian calling the move a vote of confidence in the company’s stock and business outlook. The company plans to use about $158 million to buy back roughly 45.3 million shares, while allocating the remaining proceeds toward growth initiatives, home purchases, and corporate purposes as it works toward profitability by the end of 2026.
FOUNDERS: Eric Wu, Keith Rabois, Ian Wong & JD Ross
INVESTORS: Khosla Ventures, Access Industries, General Atlantic, SoftBank Group, Fifth Wall Ventures, Norwest Venture Partners, SV Angel, 500 Startups, GV & Andreessen Horowitz
AMOUNT: $650,000,000
HQ: Tempe, Arizona
#VentureCapital #OpendoorTechnologies #KazNejatian #TradedVC