Verda raises $117 million to expand its GPU cloud platform from the Nordics into the US, UK, and Asia

The Helsinki-based company, formerly DataCrunch, is backed by Lifeline Ventures, byFounders, Tesi, Varma, and a group of Nordic lenders. It is already cash-flow positive, holds Nvidia Preferred Partner status, and plans to hire more than 100 people this year.

Verda, the Helsinki-based AI cloud infrastructure company formerly known as DataCrunch, has raised $117 million in new funding. The round comprises equity led by Lifeline Ventures, with participation from byFounders, Tesi, and Varma, alongside debt financing from a group of Nordic financial institutions.

The company will use the capital to accelerate product development, expand into the UK, the US, and Asia, and hire more than 100 people by the end of the year. CEO and founder Ruben Bryon said the company is “seeing very strong momentum” and intends to “double down on development and accelerate expansion.”

The round is notable for what it says about Verda’s financial position as much ...