Urgent.News

What's breaking now, across thousands of outlets.

Wednesday, 23 September 2026 Reading Room

AI

Finnish AI cloud startup Verda lands $189m funding round

Verda operates two data centers and is planning another in Sweden.

techinasia.com ·

Finnish AI cloud startup Verda lands $189m funding round

European tech firm Verda has secured $189 million in fresh funding to bolster its AI cloud platform and expand its computational resources. The investment, led by Emergence Capital, includes participation from MUFG Innovation Partners, Supermicro, Varma Mutual Pension Insurance Company, Lifeline Ventures, 6 Degrees Capital (6DC), byFounders, Tesi, and notable angel investors such as Meta's Ola Tørudbakken and Core Auto's Mark Saroufim.

With this latest round, Verda's total funding reaches over $450 million, valuing the company at more than $1 billion and placing it among Europe's unicorns. Founded in Helsinki in 2020, Verda offers a comprehensive AI cloud solution, managing hardware to cloud services and research. CEO Ruben Bryon emphasized the company's ambition to become Europe's leading AI infrastructure firm while reducing compute's carbon footprint.

Verda's recent growth, including a $165 million annualized revenue run rate in July, fueled by an oversubscribed Series B round, will be directed towards advancing product development and bolstering its international presence.

Written by urgent.news from Tech.eu's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at techinasia.com →

More in AI

AI’s biggest risk is becoming a geopolitical dependency

AI’s biggest overlooked vulnerability is geography. The infrastructure that powers the technology is becoming a strategic asset that governments increasingly want to curb through export controls and other means. A growing strategic mistake companies are making is choosing an AI model without thinking about who ultimately controls it.

·thenationalnews.com

AI’s biggest risk is becoming a geopolitical dependency

AI’s biggest overlooked vulnerability is geography. The infrastructure that powers the technology is becoming a strategic asset that governments increasingly want to curb through export controls and other means. A growing strategic mistake companies are making is choosing an AI model without thinking about who ultimately controls it.

·thenationalnews.com

Your agent run passed. Can you prove it was allowed?

Short version: Most agent teams can show a run. Few can show, in one re-runnable command, whether that run was allowed under a policy.

  • New policy-as-code audit feature addresses run allowance gap
  • Audit checks cost, call caps, artifact contract, forbidden markers
  • Declared GenMentor contract passed all 13 archived GenMentor runs

·dev.to

Alibaba targets 10 trillion parameters with next generation Qwen 4 model

Technology conglomerate Alibaba introduced custom artificial intelligence chips and outlined cloud infrastructure developments at its Apsara Conference to support models scaling to 10 trillion…

  • Alibaba aims to develop Qwen 4 model with 5 to 10 trillion parameters.
  • Qwen3.8-LiveTranslate introduced for simultaneous interpretation.
  • Alibaba plans to deploy AI infrastructure with over 20GW capacity by 2032.

·vir.com.vn

From smartphone to sovereign agent:How native on-device intelligence reshapes the personal computing device

Abstract For fifteen years the smartphone has been a window onto intelligence that lives somewhere else. The handset captures a voice command or a photograph, ships it to a hyperscale GPU cluster, and renders the answer a moment later.

  • Native on-device intelligence replaces remote cloud processing in smartphones.
  • Gemma 4 model loaded entirely onto Android phone for private inference service.
  • On-device generation reaches instant-to-human threshold, enabling agentic computing system.

·dev.to

More from Wednesday 23 September →