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2 clusters · 4 sources · 6 days · First seen · Last updated

Verda AI infrastructure funding and valuation

Overview

The Finnish AI infrastructure company Verda, previously known as DataCruch, has reached unicorn status after securing $189 million in funding. This investment has brought the company’s valuation to at least $1 billion.

The funding round involved several international and domestic participants, including US-based Emergence Capital, Japan’s MUFG Innovation Partners, Supermicro, and Finnish investors Varma and Lifeline Ventures. Varma contributed approximately €51 million to the round.

As an Nvidia partner, Verda provides the computing capacity necessary for training and running AI models, positioning itself as a European alternative to American hyperscalers such as Google and Amazon. CEO Ruben Bryon indicated that the capital will be used to expand computing capacity, with a broader goal of raising up to $1.5 billion in total capital this year and reaching $10 billion by 2027.

Entities

Varma · Experian · Stefan Gergely · Mitsubishi UFJ Financial Group · Veridion

Timeline

  1. 4 days ago

    [BUSINESS] 2 sources
    Verda achieves unicorn status with $189 million AI infrastructure funding

    Finnish AI infrastructure startup Verda has reached a $1 billion valuation after securing $189 million in funding to expand its computing capacity and provide a European alternative to US hyperscalers.

  2. 10 days ago

    [BUSINESS] 2 sources
    Veridion raises $20 million in Series A funding

    Veridion raised $20 million in Series A funding to expand its AI-driven business intelligence platform, which maps over 640 million companies to provide real-time supply chain and risk data.

Sources

financiarul.ro · pulse2.com · sttinfo.fi · Talouselama.fi