Helsinki-based AI infrastructure company Verda, formerly DataCrunch, has raised $117 million in a new funding round combining equity and debt financing. The equity round was led by Lifeline Ventures, with participation from byFounders, Tesi, Varma, and other investors, alongside debt funding from Nordic financial institutions.
The company will use the funding to accelerate development of its AI cloud infrastructure and expand internationally.
Verda plans to hire more than 100 employees and enter new markets including the UK and the US in 2026, targeting rising global demand for high-performance AI compute.
Founded in 2020, Verda delivers scalable AI cloud infrastructure that enables enterprises and developers to access compute resources on demand. Its vertically integrated model covers physical servers, data centers, and AI development tools, reducing complexity in traditional cloud procurement.
Verda operates data centers in Finland powered by 100 percent renewable energy, leveraging the region’s cost-efficient cooling and clean electricity advantages.
The company, led by Ruben Bryon, reported strong financial momentum, with its revenue run rate doubling to more than $60 million in Q1 2026, while maintaining cash flow positive operations.
As a preferred partner of NVIDIA, Verda supports major customers including Nokia, 1X, ExpressVPN, and Freepik, strengthening its position in the fast-growing AI infrastructure market.
RAJANI BABURAJAN
