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Helsinki’s Verda becomes Europe’s latest unicorn after raising €164.8 million to scale its full-stack AI cloud

Verda raised €164.8 million in fresh funding, becoming Europe’s newest unicorn, to enhance its full-stack AI cloud capabilities. The oversubscribed Series B was led by Emergence Capital.

Nordic Startup News desk Based on reporting by EU-Startups Finland · Single-source report
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Verda, a Helsinki-based AI infrastructure company formerly known as DataCrunch, has announced a remarkable €164.8 million funding round, officially marking its status as Europe's latest unicorn. The Series B round is oversubscribed and spearheaded by Emergence Capital, with participation from various notable investors, including MUFG Innovation Partners and Lifeline Ventures.

The funding will be used to scale Verda’s technologies aimed at providing essential AI infrastructure across industries. CEO Ruben Bryon noted the critical role of AI in modern technology and how this funding will support the ambitious goals of the company, including reducing the carbon footprint of computing worldwide.

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Helsinki’s Verda becomes Europe’s latest unicorn after raising €164.8 million to scale its full-stack AI cloud

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Earlier coverage 1

  1. Company history · background

    Finnish Verda Hires Former Morgan Stanley and Nokia Executive as It Scales AI Infrastructure Globally

    Both reports name Verda. They cover separate developments; this is not a confirmed update to the same event.

    ArcticStartup
    Why linked? View evidence
    Helsinki’s Verda becomes Europe’s latest unicorn after raising €164.8 million to scale its full-stack AI cloudRecorded source excerpt · original wording
    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.
    EU-Startups Finland ↗
    Finnish Verda Hires Former Morgan Stanley and Nokia Executive as It Scales AI Infrastructure GloballyRecorded source excerpt · original wording
    Helsinki-based Verda has appointed Mikko Einiö as Chief Financial Officer as the AI cloud provider accelerates its global expansion. Einiö brings more than two decades of experience across...
    ArcticStartup ↗
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Later coverage 1

  1. Same event

    Verda becomes Finland’s latest AI unicorn with $189M funding round

    The review connects these reports to the same identifiable event. The source excerpts show the basis for the connection.

    ArcticStartup
    Why linked? View evidence
    Verda becomes Finland’s latest AI unicorn with $189M funding roundRecorded source excerpt · original wording
    Helsinki-founded AI infrastructure company Verda has raised $189 million in an oversubscribed Series B and additional investment, reaching unicorn status as it scales its full-stack AI cloud. The round was led by Emergence Capital, with participation from MUFG Innovation Partners, Supermicro, Varma Mutual Pension Insurance Company, Lifeline Ventures, 6 Degrees Capital, byFounders, Tesi and angel [...]
    ArcticStartup ↗
    Verda becomes Finland’s latest AI unicorn with $189M funding roundRecorded source excerpt · original wording
    Helsinki-founded AI infrastructure company Verda has raised $189 million in an oversubscribed Series B and additional investment, reaching unicorn status as it scales its full-stack AI cloud. The round was led by Emergence Capital, with participation from MUFG Innovation Partners, Supermicro, Varma Mutual Pension In...
    ArcticStartup ↗
    Helsinki’s Verda becomes Europe’s latest unicorn after raising €164.8 million to scale its full-stack AI cloudRecorded source excerpt · original wording
    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.
    EU-Startups Finland ↗
    Helsinki’s Verda becomes Europe’s latest unicorn after raising €164.8 million to scale its full-stack AI cloudRecorded source excerpt · original wording
    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 Emer...
    EU-Startups Finland ↗
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