As hyperscalers dominate AI compute, a Finnish upstart running on clean Nordic energy is making a case that sovereign, sustainable infrastructure can compete.
Verda, the Helsinki-based AI infrastructure company formerly known as DataCrunch, has raised $117 million in new funding as it pushes to expand its cloud platform across Europe, the United States and Asia.
The round comprises equity funding led by Lifeline Ventures, with participation from byFounders, Tesi, Varma and other investors, alongside debt financing from a group of Nordic financial institutions.
Founded in 2020, Verda builds AI cloud infrastructure that gives developers and organizations on-demand access to high-performance compute, without the procurement friction typically associated with major cloud providers. The company handles the full stack — from physical servers and data centers to the tools and services teams use to build AI applications. Its Finnish data centers run entirely on renewable energy, drawing on the Nordics’ natural advantages in clean electricity and cooling efficiency.
The raise comes as the company reports strong commercial momentum. Revenue run rate more than doubled to over $60 million in the first quarter of 2026, and Verda says its operations are already cash-flow positive — an unusual position for an infrastructure company at this stage of expansion.
“We’re building the next generation of AI cloud infrastructure for pioneering teams across the globe,” said Ruben Bryon, founder and chief executive. “This funding allows us to double down on development and accelerate our expansion across Europe, the US and Asia. We’re seeing very strong momentum, and we’re excited for what’s ahead.”
Verda is one of a select group of NVIDIA Preferred Partners globally and counts Nokia, 1X, ExpressVPN and Freepik among its customers.
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Bryon attributes much of the company’s traction to its vertical integration. “We handle everything from physical infrastructure to the application layer,” he said. “We have a dedicated AI Lab team that works directly with customers and uses those insights to drive our product decisions.”
The new capital will fund the hiring of more than 100 people and support launches in the UK and US markets this year to meet growing demand.
