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Former Morgan Stanley banker and Nokia Head of Corporate Development joins Verda as the company scales its global AI infrastructure platform.
Verda's funding round grows from $117 million (€100M) to $155 million (€136M) as the Nordic Investment Bank joins the group of financial institutions backing the company.
Verda hits a $100M revenue run rate after 10x growth in 18 months, expanding AI cloud infrastructure for instant, on-demand compute across 50+ markets.
Verda is a European tech company building sovereign and sustainable infrastructure for frontier AI. Headquartered in Helsinki, the company employs 100+ people from 30+ nationalities and has raised around €200M in total funding from investors including Lifeline Ventures, byFounders, J12 Ventures, Skaala, Varma, and Tesi.
165 +
People globally
3 x
Offices globally
$ 100 M
Revenue run rate in H1 2026
$ 200 M
Raised to date
Our path to becoming a global AI leader and Europe's next success story
Ruben launched a self-serve GPU cloud from his garage in Helsinki, joined by Miłosz and Tamir. Cashflow positive within weeks.
DataCrunch closed $13M in seed funding to expand in-house AI lab and platform capabilities, meeting the surging demand for GPU compute.
DataCrunch became Verda and raised $64M in Series A while earning the exclusive status of the NVIDIA Preferred Partner.
Verda opened offices in London and San Francisco, reached the $100M revenue run rate milestone, and grew to 165+ team members.
Verda's mission is to redefine the future of AI as we continue to grow exponentially and win trust of the world's leading organizations.
Jani Hellström
Head of Comms