Helsinki’s Verda becomes Europe’s latest unicorn after raising €164.8 million to scale its full-stack AI cloud
Verda (formerly DataCrunch), a Helsinki-based AI infrastructure company, announced today that it has raised €164.8 million ($189 million) in fresh funding to scale its full-stack AI cloud. With this funding, the company has become Europe’s latest unicorn. The financing includes an oversubscribed Series B led by Emergence Capital, plus additional investment. Investors participating in the […] The…
Helsinki-based AI infrastructure company Verda has announced a €164.8 million ($189 million) funding round, making it Europe's latest unicorn. The investment round, led by Emergence Capital, brings the total funding raised by the company to over €392.3 million ($450 million). Verda's full-stack AI cloud manages physical data centres, hardware, and cloud platforms, with a focus on sustainable innovation.
The company's data centres in Finland run on 100% renewable energy. Verda aims to accelerate product development and increase its compute capacity, expanding offices in London, San Francisco, and planning further expansion across Europe, the United States, and Asia.
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