Observed Signal · Jun 11, 2026 · Funding · Source: Tech.eu · Impact: 3/5 · Sentiment: Positive
Cloud: 10 Companies That Raised the Most in 2025
This article highlights the ten European cloud companies that raised the most funding in 2025. The top fundraisers include Nscale with $1.53B, Nebius with $1B, and Cast AI with $108M. The funding was concentrated in growth-stage rounds, with a focus on AI infrastructure, cloud optimization, and sovereign cloud. The article notes that Western Europe led in deal volume, but Central and Eastern European companies also attracted significant investment. The data reflects the growing maturity of Europe's cloud ecosystem, spanning AI infrastructure, sovereign cloud, and cloud management technologies.
Significant funding rounds for European cloud/AI infrastructure companies indicate strong investor confidence and growth in the sector, which is relevant to the broader tech infrastructure ecosystem.
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Key Takeaways & Evidence Grounding
- Nscale raised $1.53 billion in 2025, the highest among European cloud companies.
- Nebius secured $1 billion for AI cloud platform development.
- Cast AI raised $108 million and later became Lithuania's fifth unicorn in 2026.
- Funding was concentrated in growth-stage companies, with Series A, B, and C rounds accounting for the largest share.
- The list includes companies from the UK, Netherlands, Lithuania, Spain, Switzerland, Czech Republic, Italy, Belgium, France, and more.
Connected Companies & Entities
2 Entities mapped“Nscale is an AI infrastructure company that provides a full-stack AI cloud platform, combining GPU cloud services, AI software tools and dat...”
“Nebius is an AI infrastructure company that provides cloud computing services designed for AI development and deployment. In 2025, Nebius se...”
Ontology Mapping & Concepts
Related Market Signals & Shifts
Recent verified developments and strategic activity across this market segment.
Lambda Raises $4B Before Planned IPO
AI cloud provider Lambda is raising up to $4 billion at a $14.5 billion pre-money valuation, according to The Wall Street Journal. Coatue Management and Blackstone are leading the round, which could be Lambda's last private funding before a planned 2027 IPO. The company's backlog grew from $15 billion in June to $50 billion in September, driven largely by a $35 billion commitment from Anthropic. Lambda recently secured an additional $1 billion in debt to fund data center buildouts. The company had reportedly considered an IPO this year but delayed amid market uncertainty. If it goes public, it will join other Nvidia-backed neoclouds like CoreWeave and Nebius.
Reflection AI launches open-weight model Beam at lower compute cost
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Top Analysts Bullish on CoreWeave, Palo Alto Networks, Amazon
Wall Street analysts are optimistic about CoreWeave, Palo Alto Networks, and Amazon. JPMorgan upgraded CoreWeave to Buy with a $125 price target, citing robust AI-driven cloud demand and a 25% price hike. BTIG raised Palo Alto Networks' price target to $425, expecting over 17% revenue growth and 26% NGS ARR growth in fiscal 2027. Rosenblatt raised Amazon's price target to $360, dismissing fears that agentic commerce will hurt its retail media business, and expects AWS to grow over 45%.
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