Observed Signal · Sep 22, 2026 · Funding · Source: Tech.eu (European Tech & Deals) · Impact: 4/5 · Sentiment: Positive
Infrastructure Market: Verda Raises $189M to Expand AI Cloud and Compute Capacity
European AI cloud company Verda, formerly DataCrunch, has raised $189 million (€164.8 million) in Series B funding, propelling it to unicorn status with a valuation over $1 billion. The oversubscribed round was led by Emergence Capital, with participation from MUFG Innovation Partners, Supermicro, Varma, Lifeline Ventures, 6 Degrees Capital, byFounders, Tesi, and angel investors including Ola Tørudbakken and Mark Saroufim. This brings Verda's total funding to over $450 million (€392.3 million). The company plans to scale its full-stack AI cloud, accelerate product development, multiply compute capacity, and expand internationally, including deploying Nvidia's upcoming VR200 NVL72 generation. Verda's renewable-powered data centres in Finland support its operations across Europe, the US, and Asia. The company reported an annualized revenue run rate of $165 million (€143.85 million) in July 2026, serving customers in over 50 countries.
Major funding round in AI infrastructure, creating a unicorn in Europe, indicating strong demand for AI compute.
Key Takeaways & Evidence Grounding
- Verda raised $189 million (€164.8 million) in Series B funding led by Emergence Capital.
- The funding values Verda at over $1 billion, making it Europe's latest unicorn, with total funding exceeding $450 million (€392.3 million).
- Investors include MUFG Innovation Partners, Supermicro, Varma, Lifeline Ventures, 6 Degrees Capital, byFounders, Tesi, and angel investors.
- Verda's data centres in Finland run on 100% renewable energy.
- Verda reached an annualized revenue run rate of $165 million (€143.85 million) in July 2026.
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