Nscale hires Meta's Justin Osofsky as COO ahead of IPO

AI cloud Nscale has appointed Justin Osofsky, a nearly 20-year Meta veteran, as its new chief operating officer. The hire comes ahead of a planned Nasdaq IPO that could raise up to $3 billion. Amy Banse also joined Nscale's board of directors.

• Osofsky spent almost 20 years at Meta, most recently as chief partnerships officer
• Nscale is preparing a Nasdaq IPO targeting up to $3 billion
• The company previously raised $3.36bn in pre-IPO funding
• Amy Banse, also on Adobe and Lennar boards, joined Nscale's board