Verda raises $117M to scale AI cloud infrastructure built on clean Nordic power

2026-04-24 · Source: Tech.eu - Tech.eu · Field: Technology & Digital — Artificial Intelligence & Machine Learning, Cloud Computing & IT Infrastructure, Emerging Technologies & Innovation · Depth: Fundamental Awareness, quick

Summary

Verda, a Helsinki-based AI infrastructure company formerly known as DataCrunch, has secured $117 million in new funding, comprising equity led by Lifeline Ventures and debt from Nordic financial institutions. Founded in 2020, Verda provides on-demand, high-performance compute for AI development, managing physical servers, data centers, and AI tools. Its Finnish data centers operate entirely on renewable energy, utilizing the Nordic region's clean electricity and efficient cooling. The company is cash-flow positive, with a revenue run rate exceeding $60M in Q1 2026, and is an NVIDIA Preferred Partner, serving clients like Nokia and ExpressVPN. This funding will fuel the development of its AI cloud infrastructure, support the hiring of over 100 new staff, and facilitate international expansion into markets such as the UK and the US.

Key takeaway

For CTOs and VP of Engineering evaluating AI cloud providers, Verda's $117M funding and expansion plans signal a robust, vertically integrated option. Consider their 100% renewable energy data centers and NVIDIA Preferred Partner status for sustainable, high-performance AI compute needs, especially when planning international deployments in the UK or US.

Key insights

Verda secured $117M to scale its AI cloud infrastructure, emphasizing renewable energy and vertical integration.

Principles

• Renewable energy powers AI infrastructure.
• Vertical integration drives product decisions.

In practice

• Access high-performance compute on demand.
• Utilize Nordic clean energy for data centers.

Topics

• AI Cloud Infrastructure
• Renewable Energy Data Centers
• High-Performance Compute
• International Expansion
• NVIDIA Preferred Partner

Best for: CTO, VP of Engineering/Data, Investor, Director of AI/ML, AI Architect

Related on AIssential

• Verda raises €100m to build European hyperscaler, plans to hire 100+ people and launch in new markets — Verda's vertical integration and European neutrality drive its rapid expansion in AI cloud infrastructure.
• Nvidia Invests $2 Billion in Marvell, Deepens Partnership — Strategic investments and significant debt financing are accelerating AI, defense tech, and health monitoring sectors.
• Mistral Cites Euro Vision With $1.4B for Swedish AI Data Center — Mistral's $1.43 billion Swedish data center investment aims to build European AI strategic autonomy.
• KKR, Nvidia, Others Launch $10 Billion Data Center Company — Major players are forming a \$10 billion company, Helix, to finance and build AI data centers.
• World’s Largest AI Datacenter — $100B Disaster — Building leading AI models now demands extreme infrastructure decisions, prioritizing compute, power, and rapid deployment.
• Data centre operator IREN signs $1.6bn Dell deal for Blackwell systems at Texas AI campus — IREN is rapidly scaling its AI infrastructure with Blackwell systems and strategic partnerships to meet high market demand for compute.

Open in AIssential →

Editorial summary, takeaway, and curation by AIssential. Original article published by Tech.eu - Tech.eu.