Finnish AI cloud company Verda raises $189M and it is now the latest unicorn in Europe
Verda, an AI cloud company headquartered in Helsinki and previously called DataCrunch, has raised $189M to increase its computing capacity and develop its platform; the funds came from a Series B round led by Emergence Capital, which was oversubscribed, with additional investment also provided.
The company states that this funding round has made it the most recent unicorn in Europe; Verda is now worth at least $1 billion, although it has not provided an exact figure.
MUFG Innovation Partners, Supermicro, the Varma Mutual Pension Insurance Company, Lifeline Ventures, 6 Degrees Capital, byFounders, and the Finnish state investor Tesi were also involved. The angel investors include Ola Tørudbakken from Meta and Mark Saroufim from Core Auto and GPUMODE.
Five months ago, Lifeline Ventures conducted a $117M roundthat combined equity with debt from Nordic lenders. Verda then stated that the amount had increased to $155m after the Nordic Investment Bank took...
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