Verda, the Helsinki-based AI infrastructure company formerly known as DataCrunch, said its has raised €100 million in new funding “to accelerate product development and expand into new markets.”

The Finnish company said: “The round combines equity funding led by Lifeline Ventures with participation from byFounders, Tesi, Varma, and other investors, alongside debt financing from a group of Nordic financial institutions …

“We see that the way compute is consumed is about to change fundamentally. In a world where provisioning becomes instant and AI agents increasingly drive purchasing decisions, securing cloud capacity transforms from bespoke negotiation into offtake on an on-demand platform.

“We at Verda are building for that change: immediate access to GPUs through self-service instances and clusters, serverless containers, and managed inference endpoints. No long sales cycles, no opaque pricing, no lock-in. Just compute when you need it, at the scale you need it.

“Over the past year we’ve doubled down on what makes Verda different: a vertically integrated AI cloud, built in Europe, running on 100% renewable energy, made for the whole world.

“That focus is paying off. Our operations are cash flow positive and our revenue run rate doubled to over $60M in Q1 2026. We’re one of a select group of NVIDIA Preferred Partners globally and we work with teams like 1X, Nokia, ExpressVPN, and Freepik.

“With this funding, we’re launching in new markets including the UK and the US, and hiring 100+ people by the end of the year across engineering, AI Lab, and go-to-market. Thank you to our customers, investors, and team for making this possible.”

Verda founder and CEO Ruben Bryon said: “We’re building the next generation of AI cloud infrastructure for pioneering teams across the globe. This funding allows us to double down on development and accelerate our expansion across Europe, the US and Asia.”