Verda Raises $189 Million to Expand Its Full-Stack AI Cloud

Helsinki-based Verda, formerly DataCrunch, announced $189 million in new financing on September 22, 2026. The company plans to use it to increase AI computing capacity and develop the platform services that sit alongside that infrastructure.122

What the funding will support

Verda describes its offering as a full-stack AI cloud. Its infrastructure spans data centres, computing hardware and cloud software for AI workloads, so the expansion is about more than adding machines.1117 The company plans to multiply its computing capacity, while reporting also points to further development of inference and cloud-platform services.1213 Emergence Capital has framed the investment around AI compute demand outstripping supply; that is the investor’s assessment, not a guarantee of future demand.9

Reporting describes continued growth across Europe, the US and Asia, but the available evidence does not establish that every Verda service is already available on demand in each region. A separate report mentions expansion into London and San Francisco without establishing that new offices are open.2518

Who invested—and what the valuation means

Emergence Capital led an oversubscribed Series B. Verda says the $189 million total also includes additional investment, without specifying how much came from each component.1226 Named institutional and corporate participants include MUFG Innovation Partners, Supermicro, Varma Mutual Pension Insurance Company, Lifeline Ventures, ENDUR, 6 Degrees Capital, byFounders and Tesi. Verda also names angel investors Ola Tørudbakken and Mark Saroufim.26

The financing brings Verda’s reported cumulative funding to more than $450 million across equity and debt—not more than $450 million in equity alone.26 Verda calls itself a European unicorn; Bloomberg reports that the company gave its valuation as at least $1 billion and declined to provide an exact figure.2622

Growth, with an environmental question

Founded in 2020, Verda reached a company-reported $165 million annualised revenue run rate in July 2026, according to Emergence Capital. A run rate extrapolates a pace of revenue; it is not full-year revenue.15 Founder and CEO Ruben Bryon has also argued that expanding compute should not mean ignoring its carbon footprint. Emergence says Verda’s Finnish data centres run on renewable power, while the company is looking for ways to reduce compute’s footprint more broadly. That wider ambition remains a goal, not a measured outcome established by the funding announcement.15