Nscale appoints fidji simo to board as IPO approaches

Nscale, a U.K.-based AI data center startup, has added Fidji Simo to its board of directors, signaling its preparation for an upcoming IPO this fall. Simo, a former executive at OpenAI, Meta, and Instacart, joins other high-profile tech leaders such as Sheryl Sandberg and Nick Clegg. She previously served as CEO of AGI Deployment at OpenAI and left the company in July due to health reasons. Simo continues to advise OpenAI part-time and previously led Instacart through its 2023 IPO. Nscale’s founder and CEO, Josh Payne, highlighted Simo’s expertise in scaling products for billions of users, aligning with the company’s mission. Nscale, which has seen its valuation soar since its 2024 founding, is reportedly seeking up to $3.5 billion ahead of its IPO, according to Bloomberg.