Verda, formerly known as DataCrunch, an AI infrastructure company, has raised €100 million ($117 million) in a combined equity and debt financing round to expand its AI cloud platform and accelerate international growth.
The equity portion was led by Lifeline Ventures, with participation from byFounders, Tesi, Varma, and other investors, alongside debt financing from Nordic financial institutions.
What The Company Does
Founded in 2020 by Ruben Bryon, Verda builds vertically integrated AI cloud infrastructure that provides on-demand access to high-performance computing for developers and organisations working with artificial intelligence.
The company operates the full technology stack, from physical servers and data centres to cloud software and developer tools used to deploy and run AI applications. This approach is designed to remove the complexity typically associated with procuring and managing high-performance computing resources.
Verda provides access to GPU-optimised infrastructure, including systems such as HGX servers, allowing customers to run AI workloads without the delays and procurement barriers common in traditional cloud environments. The platform is accessible through a developer-focused interface, including APIs and a cloud dashboard.
The company operates data centres in Finland that run on 100% renewable energy, leveraging regional access to clean electricity and efficient cooling infrastructure.
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Market context / industry background
Demand for AI computing infrastructure has increased rapidly as companies scale machine learning models and deploy AI applications across industries. This has placed significant pressure on traditional cloud providers, where access to GPU capacity can be limited, expensive, and slow to provision.
In response, a new category of specialised AI infrastructure providers has emerged, focusing on optimised compute environments for AI workloads rather than general-purpose cloud services.
Alongside these developments, concerns around energy consumption and sustainability in data centre operations have increased the importance of renewable-powered infrastructure, particularly in regions such as the Nordics.
There is also growing interest in distributed and modular data centre architectures that can improve efficiency and reduce latency for AI training and inference tasks. Companies are exploring hybrid deployment models that combine on-premise infrastructure with cloud-based GPU clusters to balance cost, performance, and scalability. As AI adoption expands, infrastructure optimisation is becoming a competitive differentiator, with providers increasingly competing on efficiency, availability, and carbon footprint rather than raw compute capacity alone.
Founder / investor commentary
Ruben Bryon, founder and CEO of Verda, said the company is building next-generation AI cloud infrastructure for global teams and that the new funding will support both product development and international expansion.
He highlighted strong momentum in demand and noted that the company is focused on scaling across Europe, the United States, and Asia.
Bryon also emphasised Verda’s vertically integrated model, explaining that controlling the full stack allows the company to move faster, incorporate customer feedback directly into product development, and optimise infrastructure performance.
Growth plans / use of funds
The funding will be used to expand Verda’s AI cloud infrastructure, accelerate product development, and support international expansion into new markets, including the UK and the United States.
The company also plans to hire more than 100 employees by the end of the year to support its growth across engineering, operations, and commercial functions.
Verda previously raised €55 million in Series A funding in 2025 and €12 million in seed financing in 2024. The company reports strong revenue growth, with its annualised run rate surpassing €51.3 million in early 2026 and claims to be cash flow positive.
It also works with enterprise clients including Nokia, 1X, ExpressVPN, and Freepik, and is part of NVIDIA’s Preferred Partner programme.
About Verda
Verda is an AI infrastructure company based in Helsinki that provides high-performance cloud computing for artificial intelligence workloads. Founded in 2020 as DataCrunch, the company offers vertically integrated GPU cloud infrastructure, combining data centres, servers, and developer tools into a single platform. Its systems are powered by renewable energy and designed to provide scalable, cost-efficient access to AI computing resources for developers and enterprises globally.
