Helsinki-based Verda, formerly Datacrunch, which aims to become Europe's first AI cloud hyperscaler, raised €100M in debt and equity (Mimi Billing/Sifted)

Techmeme ·

Finnish cloud provider Verda (formerly Datacrunch) raised €100M to build what it claims will be Europe's first AI cloud hyperscaler, challenging incumbent hyperscalers with GPU infrastructure targeting European enterprises.

Categories: Money & Moves

Excerpt

<a href="https://sifted.eu/articles/verda-raises-e100m-to-build-european-hyperscaler/"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260424/i22.jpg" vspace="4" /></a> <p><a href="http://www.techmeme.com/260424/p22#a260424p22" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Mimi Billing / <a href="https://sifted.eu/">Sifted</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://sifted.eu/articles/verda-raises-e100m-to-build-european-hyperscaler/">Helsinki-based Verda, formerly Datacrunch, which aims to become Europe's first AI cloud hyperscaler, raised &euro;100M in debt and equity</a></b></span>&nbsp; &mdash;&nbsp; The Finnish cloud provider, formerly known as Datacrunch, says its success comes from being vertically integrated&nbsp; &mdash;&nbsp; Helsinki-headquartered Verda &hellip; </p>

Read at source: http://www.techmeme.com/260424/p22#a260424p22