$189m · Series B · Deeptech · Helsinki, Finland
Helsinki-based AI cloud company Verda, formerly DataCrunch, has raised $189m in a Series B led by Emergence Capital. MUFG Innovation Partners, Supermicro, Varma, Lifeline Ventures, 6 Degrees Capital, byFounders, Tesi and angel investors including Ola Tørudbakken and Mark Saroufim also participated.
Verda says the financing will accelerate product development across its full-stack AI cloud and expand compute capacity. The company plans to have more than 250 MW of operations in 2027, with capacity live in Finland and further sites planned across Europe, the UK, the US and Asia. It reported reaching a $165m annualised revenue run rate in July.
Compute capacity becomes a product constraint
Verda owns more of the stack than a software-only cloud provider, spanning data-centre capacity, GPU systems and platform services for training and inference. That can shorten the path from hardware deployment to customer workloads, but it also makes power availability, equipment delivery and utilisation central to the economics of growth.
The 250 MW target turns the Series B into an execution test. New capacity only creates value when Verda can fill it with durable workloads while controlling energy and hardware costs. Strategic participation from Supermicro may support equipment access, while the Nordic power base helps the company compete on both cost and the carbon footprint of compute.
