Nscale adds former OpenAI exec Fidji Simo to its board ahead of potential IPO
AI data center startup Nscale appointed former OpenAI executive Fidji Simo to its board ahead of a planned fall IPO and reported $3.5 billion raise.
Nscale, a UK-based AI data center startup founded two years ago, appointed Fidji Simo to its board. Simo was formerly CEO of AGI Deployment at OpenAI (the lab's No. 2 executive), and previously served as Instacart CEO through its 2023 IPO and as head of the Facebook app at Meta. She joins Sheryl Sandberg, Susan Decker, and Nick Clegg on the board as the company prepares for an anticipated IPO this fall. Nscale is reportedly attempting to raise up to $3.5 billion ahead of the IPO, according to Bloomberg.
- Fidji Simo, former OpenAI No. 2 and Instacart CEO, joins Nscale's board alongside Sandberg, Decker, and Clegg.
- Nscale is reportedly raising up to $3.5 billion ahead of a planned IPO this fall.
- Simo left OpenAI in July citing health reasons but remains a part-time advisor.
- Nscale designs, builds, and operates AI data centers amid surging AI infrastructure demand.
From the original article
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The No. 2 exec at OpenAI also led Instacart through its IPO in 2023.
By Kirsten Korosec · techcrunch.com
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