Verda Raises $189 Million to Expand Its Full-Stack AI Cloud Across Europe and Beyond

Helsinki-based AI infrastructure company Verda has raised $189 million in an oversubscribed Series B and additional investment, bringing its total funding above $450 million and giving it unicorn status. Emergence Capital led the round, with participation from MUFG Innovation Partners, Supermicro, Varma Mutual Pension Insurance Company, Lifeline Ventures, 6 Degrees Capital, byFounders, Tesi and angel investors.

The financing marks a sharp increase from Verda’s earlier 2026 fundraising. Reports published in April described a $117 million round, or €100 million, led by Lifeline Ventures. The differing figures reflect separate financing announcements or database treatment of the company’s transactions, while the September announcement identifies the latest total as $189 million. Verda was founded in 2020 by Ruben Bryon and was formerly known as DataCrunch.

Verda is building cloud infrastructure for the complete AI lifecycle, from prototyping and model training to deployment and inference. Its offering combines GPU-accelerated compute with bare-metal servers, virtual machines, Kubernetes clusters, block storage and related networking services.

The company frames vertical integration as a way to give AI developers more predictable cost, performance and reliability across the stack. Its platform is powered by NVIDIA hardware and includes serverless infrastructure and an in-house AI lab. That positioning places Verda between specialist GPU clouds and the broad platforms operated by Amazon Web Services, Microsoft Azure and Google Cloud, which increasingly bundle AI hardware, software and managed services.

The new funding will support product development and a substantial increase in compute capacity, including data-center infrastructure and large-scale model serving. Verda says the investment will help it serve customers across training, fine-tuning and inference, where access to high-performance GPUs remains a central constraint for AI developers.

The company has also outlined international expansion into the United Kingdom, the United States and Asia. Earlier coverage said Verda planned to hire more than 100 employees, while a separate company statement described the financing as a way to accelerate operations across its full-stack cloud. Briefly reported that Verda was cash-flow positive and had reached a $60 million annualized revenue run rate, giving the fundraising story a commercial dimension beyond hardware acquisition.

The investor group combines venture capital, strategic hardware capital and institutional money. Emergence Capital has backed software companies including Salesforce and Zoom, while Supermicro brings a direct connection to the server infrastructure supporting AI workloads. MUFG Innovation Partners, Varma, Tesi and Nordic venture firms add financial and regional backing.

That mix reflects the capital intensity of AI cloud businesses. Providers must secure GPUs, build or lease data-center capacity, manage power and networking costs, and maintain utilization high enough to support attractive economics. Funding also gives Verda room to compete for customers that want alternatives to hyperscalers or specialized access to AI compute. Bloomberg described the round as evidence of continued investor appetite for infrastructure powering the AI boom.

Verda’s growth puts it in a crowded market that includes hyperscalers, GPU cloud specialists and regional infrastructure providers. Amazon, Microsoft and Google control vast distribution networks and internal AI hardware programs, while NVIDIA remains central to the supply of the accelerators used across the sector.

Verda’s opening is narrower but concrete: offer self-service access, bare-metal performance and tools tailored to AI workloads. Winning that position will depend on GPU availability, pricing, reliability, geographic reach and the quality of its software layer. The company’s cash-flow claim and reported revenue run rate indicate operating traction, but its next test is converting new capacity and international hiring into durable utilization and enterprise contracts.

Verda’s immediate priorities are expanding compute, shipping more full-stack services and entering additional markets. The company’s April expansion plans and September financing announcement point to a rapid shift from Nordic startup to international AI infrastructure provider.

The funding also raises expectations. Customers will look for dependable access to NVIDIA-powered systems, predictable bills and production-grade inference, while investors will measure whether Verda can scale without letting infrastructure costs outrun revenue. If it executes, Verda will strengthen Europe’s position in AI cloud infrastructure and give developers another route to the compute needed for increasingly demanding models.