AI Cloud Company Verda Raises $189M in Series B Funding Round
What happened
AI cloud company Verda, founded in Helsinki and previously known as DataCrunch, has raised $189 million in a Series B funding round to expand its computing capacity and develop its platform. The round was led by Emergence Capital and was oversubscribed, with additional investment also secured. The company stated that this funding round has made it a unicorn, valued at at least $1 billion.
From thenextweb.com
Why it matters
The capital infusion will be dedicated to product development across Verda's service areas, with a specific focus on inference. The company provides compute and platform services for teams building frontier AI systems and agents.
From thenextweb.com
Who's involved
- HelsinkiLocation where the company was founded and remains headquartered.
- SupermicroCompany involved in the funding round as a major investor.
- TesiCompany involved in the funding round as an investor.
- Mark SaroufimAngel investor participating in the funding round.
How it developed
Newest first. Tap a step to see who reported it.- Verda announced its expansion across Europe, Asia, and the US, alongside details of its successful funding round involving Tesi and Mark Saroufim.Sub-event
Details of the funding round involving Supermicro, Tesi, and angel investor Mark Saroufim.1 source
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The entities involved
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Helsinki
capital and most populous city of Finland
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Supermicro
American manufacturer of computer servers and enterprise equipment
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Tesi
company in Vermezzo, Italy
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