Finnish Verda raises $189M Series B, value tops $1B
Verda, a Helsinki-based AI cloud company formerly known as DataCrunch, has closed a $189 million Series B round led by Emergence Capital. The financing pushes Verda’s valuation above $1 billion, making it one of Europe’s larger AI infrastructure funding rounds in this cycle. The round featured a broad mix of investors and brings total funding to more than $450 million across equity and debt.
What happened
Verda completed a $189 million Series B on September 22, 2026. The company reported an oversubscribed round with participation from a diverse set of investors, including MUFG Innovation Partners, Supermicro, Varma Mutual Pension Insurance Company, Lifeline Ventures, ENDUR, 6 Degrees Capital, byFounders, Tesi. Angel investors such as Ola Tørudbakken and Mark Saroufim. Verda did not disclose an exact post-money valuation, but stated it is valued at at least $1 billion after the round.
Key facts
- Company: Verda (formerly DataCrunch), Helsinki, Finland. — worth weighing when comparing Finnish AI cloud startup Verda raises options in Manama.
- Funding: $189 million in Series B. — worth weighing when comparing Finnish AI cloud startup Verda raises options in Manama.
- Valuation: at least $1 billion post-financing. — worth weighing when comparing Finnish AI cloud startup Verda raises options in Manama.
- Lead investor: Emergence Capital. — worth weighing when comparing Finnish AI cloud startup Verda raises options in Manama.
- Other participants include: MUFG Innovation Partners, Supermicro, Varma, Lifeline Ventures, ENDUR, 6 Degrees Capital, byFounders, Tesi, and unnamed angel investors.
- Total funding to date: over $450 million (equity and debt).
Who is affected
The news affects investors, employees, and customers of Verda. It also signals growing investor interest in European AI infrastructure companies as the sector expands. No specific customer or user groups outside the company were named in the available report.
Practical next steps
- Monitor Verda’s communications for product updates or platform expansions tied to the new funding.
- For potential investors or partners, note the group of participating firms as a signal of institutional interest in Verda’s niche.
- Compare with other European AI infrastructure rounds to gauge market sentiment and funding trends.
Limits and questions
The provided sources do not disclose a precise post-money valuation, specific revenue figures, or the strategic plan for deploying the new capital. Details about customer lists, product roadmap, or geographic expansion beyond Finland were not specified in the cited report.
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