Observed Signal · Oct 21, 2024 · Funding · Source: Tech.eu · Impact: 2/5 · Sentiment: Positive
DataCrunch Raises $13M Seed for Affordable AI Infrastructure
DataCrunch, a European provider of AI computing infrastructure, has raised $13 million in Seed funding, bringing total funding to $18 million. The round was led by byFounders VC and included J12 Ventures and several angel investors. DataCrunch offers on-demand, cost-effective GPU compute clusters for AI workloads, using data centres in Finland and Iceland powered by renewable energy. The company was founded in 2020 by CEO Ruben Bryon and has increased annual revenue by 250 percent. It plans to launch Nvidia H200 servers and adopt GB200 NVL72 clusters next year. The funding will be used to scale the team and expand services across Europe.
The funding supports Europe's AI infrastructure capacity, which indirectly benefits AI-driven ad tech and marketing applications, but the $13M seed round is a relatively minor industry event.
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Key Takeaways & Evidence Grounding
- DataCrunch raised $13 million in Seed funding, bringing total funding to $18 million.
- byFounders VC led the round; J12 Ventures and several angel investors participated.
- DataCrunch operates AI-focused data centres in Finland and Iceland using renewable energy.
- DataCrunch reported 250 percent annual revenue growth.
- DataCrunch will launch Nvidia H200 servers and adopt GB200 NVL72 clusters next year.
Connected Companies & Entities
3 Entities mapped“The company is also set to launch its use of Nvidia H200 servers and clusters, and will adopt GB200 NVL72 clusters next year....”
“Tuomo Riekki (founder of Smartly)...”
“former AI researchers and founders from the likes of DeepMind and Elo Health...”
Ontology Mapping & Concepts
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