Verda, the Finnish AI cloud company formerly called DataCrunch, announced $189 million in new funding on September 22, led by Emergence Capital. It says it is now worth at least $1 billion and that its yearly revenue rate reached $165 million in July.
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- On September 22, Helsinki’s Verda announced $189 million in new funding. Verda rents out powerful NVIDIA chips to companies that build and run AI.
- Verda says it is now worth at least $1 billion. It says its yearly revenue rate reached $165 million in July.
- Europe wants more AI computing of its own. Verda says its customers’ data stays in Europe.
- These revenue figures come from the company and are not audited. It has raised more than $450 million but does not say how much is debt.
- Revenue
- The money a company earns from selling its products or services.
- Audit
- An official check of a company’s accounts by independent experts.
A new European unicorn
Ruben Bryon founded the company in 2020 as DataCrunch, and it changed its name to Verda in late 2025. The new money, about €163 million, comes from a Series B round led by Emergence Capital and from other investors.
Other backers include MUFG Innovation Partners, the server maker Supermicro, the Finnish pension company Varma, Lifeline Ventures, and Tesi, a Finnish state investor.
Verda calls itself Europe’s newest unicorn, a start-up worth $1 billion or more. Emergence says the company is worth more than $1 billion. Neither gave an exact figure.
Verda raised $189 million and says it is worth at least $1 billion. It plans more than 250 megawatts of capacity in 2027.
Growth figures come from the company
Verda says its yearly revenue rate reached $165 million in July. Emergence says the rate roughly doubled this year and that Verda brings in more cash than it spends. These figures are not audited.
Verda runs NVIDIA systems such as the GB300, B300, and H200, and it says its first racks of NVIDIA’s next generation will arrive within months. It plans more than 250 megawatts of computing capacity in 2027, with new sites in Europe, the UK, the US, and Asia.
Its current data centres are in Helsinki. Its own documentation says they run on hydro and wind power.
Europe’s own AI computing
Emergence presents Verda as a European option for companies that want their data to stay in Europe. Verda’s documentation says customer data stays there.
The company names customers such as the German AI company Aleph Alpha and the image platform Freepik. It is one of a new group of GPU cloud companies, sometimes called neoclouds.
Verda has raised more than $450 million in equity and debt, but it does not say how much is debt. Emergence notes that such companies depend on borrowing and on rental prices for AI chips. Chief executive Ruben Bryon says “the next few years are a pivotal window for Europe”.
Sources
Every fact in this story comes from the sources below. Open them to check our work.
- 1Primary source · September 22, 2026Verda raises $189M/€163M to accelerate development of its full-stack AI cloud and multiply compute capacity Verda
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- 4Research · September 22, 2026European neocloud Verda raises $189M to build the AI infrastructure of tomorrow SiliconANGLE
- 5Research · September 22, 2026Helsinki’s Verda becomes Europe’s newest AI cloud unicorn after $189M raise Tech Funding News
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We read Verda’s two announcements, its documentation, and the lead investor’s post, then compared them with SiliconANGLE and Tech Funding News. Revenue, growth, and capacity figures come from Verda and Emergence Capital, and they are not audited.