Nscale hires Meta veteran Justin Osofsky as COO ahead of $3 billion IPO

October 3, 2026 at 12:20 AM2 min

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Nscale hired long-time Meta Platforms executive Justin Osofsky as chief operating officer to accelerate expansion ahead of its planned initial public offering. Osofsky, who spent 18 years at Meta, will oversee global operations and report to CEO Josh Payne. The London-based AI data center developer filed for a New York IPO in September and is seeking to raise as much as $3 billion.

Key Facts

Justin Osofsky worked at Meta for 18 years and was most recently its chief partnerships officer.
Nscale filed for an initial public offering in New York in September to fund AI data center equipment.
Nscale is seeking to raise as much as $3 billion in the IPO.
Former Meta COO Sheryl Sandberg sits on Nscale's board and helped recruit former global affairs head Nick Clegg and former OpenAI executive Fidji Simo.

Executive Appointment

Nscale hired Justin Osofsky, a long-time Meta Platforms executive, as its chief operating officer. Osofsky spent 18 years at Meta in various executive roles and was most recently its chief partnerships officer. He will report to Chief Executive Officer Josh Payne and oversee the company's global operations. The appointment was confirmed by a person familiar with the matter who declined to be named discussing non-public information.

IPO and Expansion

Nscale filed in September for an initial public offering in New York to fund equipment for AI data centers. The company is seeking to raise as much as $3 billion in the IPO. Nscale counts Nvidia Corp. and Microsoft Corp. among its partners. Spun off from a cryptocurrency mining operation in early 2024, the London-based company became a prominent neo-cloud operator renting computing resources to AI developers.

Meta Veterans Network

Osofsky joins a group of Meta veterans helping lead Nscale. Former Meta Chief Operating Officer Sheryl Sandberg is on Nscale's board. Sandberg helped recruit former head of global affairs Nick Clegg and former OpenAI executive Fidji Simo. Sandberg has compared CEO Josh Payne's thinking and leadership to that of Mark Zuckerberg.