European Neocloud Verda Raises $189M for AI Infrastructure

Helsinki-based neocloud Verda Cloud Oy, formerly DataCrunch, has raised $189 million in a Series B round led by Emergence Capital, bringing its total funding to over $450 million. The round also drew investment from MUFG Innovation Partners, Supermicro, and several others, including angel investors from Meta and Core Automation. Verda provides large-scale managed AI inference to enterprise clients across 50-plus countries, with customers including Aleph Alpha and Epsilon Health. The company plans to operate more than 250 megawatts by 2027, expanding data center capacity across Europe, the US, and Asia, with Nvidia VR200 NVL72 rack-scale supercomputer deployments planned soon.