Finland’s Verda doubles down on global expansion after reaching $100M revenue run rate

Nurcin Metingil

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Helsinki-based AI cloud infrastructure startup Verda has reached a $100 million annualized revenue run rate just two months after raising $117 million in funding, bringing its total capital raised to around $200 million. The round was backed by existing and new investors including Lifeline Ventures, byFounders, J12 Ventures, Skaala, Varma and Tesi, alongside financial institutions. Verda (formerly DataCrunch) provides on-demand AI cloud infrastructure, giving developers and enterprises instant access to high-performance GPU compute while operating its own renewable energy-powered data centers in Finland. The fresh capital is supporting the company’s international expansion across Europe, the US and Asia, including plans to double its...

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