As demand for high-performance compute surges, Verda plans to hire 100+ staff and launch in new regions, including the UK and the US.
Helsinki-based AI infrastructure company Verda (formerly DataCrunch ) has raised $117 million in new funding. 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 is building AI cloud infrastructure that allows developers and organisations to access high-performance compute on demand and at scale without the friction of traditional cloud procurement.
The company handles everything from physical servers and data centres to the tools and services teams use to build AI. Its data centres in Finland run on 100 per cent renewable energy, leveraging the Nordics’ natural advantages in clean electricity and cooling efficiency.
According to Ruben Bryon, founder and CEO of Verda:
“We’re building the next generation of AI cloud infrastructure for pioneering teams across the globe.
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’s operations are already cash-flow positive, with revenue run rate doubling to over $60M in the first quarter of 2026.
The company is one of a select group of NVIDIA Preferred Partners globally, and it works with household names such as Nokia, 1X, ExpressVPN, and Freepik, among others.
“A big part of our success comes from being vertically integrated, handling everything from physical infrastructure to the application layer. We have a dedicated AI Lab team that works directly with customers and uses those insights to drive our product decisions. We’re proud of what we’ve built so far, but we know we’re only just getting started,” Bryon concludes.
The new funding will be used to accelerate the development of Verda’s AI cloud infrastructure and international expansion. The company plans to hire over 100 people and launch in new markets this year, including the UK and the US, to meet growing demand.