Nick Clegg, Sheryl Sandberg Join Josh Payne’s UK AI Startup

Sir Nick Clegg and Sheryl Sandberg have joined Nscale, a UK-based startup focused on AI data center development. Nscale recently completed a funding round valued at $14.6 billion, raising $2 billion from notable investors like Nvidia.

New Board Members Strengthen Nscale

Former UK Deputy Prime Minister Sir Nick Clegg has been appointed to Nscale’s board alongside Sheryl Sandberg, the ex-COO of Meta. Their addition aims to enhance the company’s leadership as it expands its presence in the AI sector.

Funding and Valuation Milestones

• Nscale has secured $2 billion in funding.
• The company’s valuation stands at $14.6 billion.
• Last year, Nscale received a £500 million investment from Nvidia.
• In December 2024, it raised $155 million in a Series A funding round.

Other investors in this latest round include Aker ASA and 8090 Industries, highlighting a strong confidence in Nscale’s strategic direction.

Nscale’s Vision for AI Infrastructure

Founded in May 2024 by Josh Payne, Nscale plans to invest $2.5 billion in UK data center infrastructure. The company aims to build the largest “UK sovereign” AI data center in Loughton, Essex, scheduled for completion by 2026.

Comments from Leadership

Josh Payne emphasizes the transformative role AI will play across various sectors in the coming years. He states, “Over the next five years, artificial intelligence will be integrated into every industry, every product and every job.”

This ambitious vision aligns with the broader goals of the UK’s AI ecosystem, contributing to significant growth and infrastructure development.

Impact of AI on the UK Market

The UK government, represented by Business Secretary Peter Kyle, expresses strong support for homegrown tech companies like Nscale. He believes companies should scale globally while building infrastructure locally.

• At 33, Josh Payne has created a significant player in the AI sector.
• Nscale’s valuation surpasses well-known companies on the FTSE 100.

Industry Trends and AI Adoption

According to PitchBook, 2025 saw AI startups securing a remarkable deal value, suggesting a growing investment interest in the sector. AI companies attracted €23.5 billion in 2025, an increase from €17.7 billion in 2024.

However, research indicates mixed results from AI adoption across industries. While some sectors are gaining productivity from AI, overall, gains appear more pronounced in areas with lower AI integration.

This evolving landscape highlights the potential of AI in reshaping markets, with Nscale positioned at the forefront of this change.