Finland’s DataCrunch said it has raised $64 million in Series A funding to accelerate its ambition of “becoming Europe’s first AI hyperscaler, without compromising on performance, sovereignty, or sustainability.”

DataCrunch is a Helsinki-based provider of high-performance AI computing infrastructure.

Ruben Bryon, CEO and co-founder of DataCrunch, said: “European organisations are facing a critical choice: continue depending on foreign cloud providers or invest in local infrastructure that offers true data sovereignty …

“This funding enables us to accelerate our vision of becoming Europe’s first AI cloud hyperscaler, providing enterprises with cutting-edge infrastructure that keeps their data secure, their operations compliant, and their environmental impact minimal.

“As regulatory, environmental, and technological forces converge, the company aims to become the default platform for enterprises seeking high-performance, compliant, and sustainable AI compute in Europe.”

DataCrunch said this funding round was led by byFounders, Skaala, Varma Mutual Pension Insurance Company, and Tesi, with participation from J12 Ventures, and select angel investors.

A portion of the round includes debt financing led by Nordea and Armada Credit Partners, with participation from Danske Bank, Norion Bank, and LähiTapiola (LocalTapiola).