European neocloud Verda raises $189M to build the AI infrastructure of tomorrow

European neocloud Verda raises $189M to build the AI infrastructure of tomorrow

Helsinki, Finland-based neocloud outfit Verda Cloud Oy, formerly DataCrunch, today announced it has raised $189 million in early-stage funding to expand its artificial intelligence cloud infrastructure, from AI compute capacity to platform services.

Emergence Capital led the Series B round, with additional investments from MUFG Innovation Partners, Supermicro, Varma Mutual Pension Insurance Co., Lifeline Ventures, 6 Degrees Capital, byFounders and Tesi. A group of angel investors, including Ola…