Verda (formerly DataCrunch)
Category: AI Infrastructure
A high-performance, cost-effective cloud GPU platform for AI training and inference. Verda (formerly DataCrunch) was founded in 2020. The company is led by Ruben Bryon. Based in Helsinki, Finland. Team size: 101-500. Total funding raised: Over $450 million (equity and debt). Latest round: Series B. Key investors include Lifeline Ventures, byFounders, Tesi, Varma, J12 Ventures, Local Tapiola, Nordea, Skaala, Armada Credit Partners, Danske Bank, Norion Bank, Emergence Capital.
- Founded
- 2020
- Headquarters
- Helsinki, Finland
- Team size
- 101-500
- Total funding
- Over $450 million (equity and debt)
Value proposition
To provide a sovereign, sustainable, and cost-effective AI cloud infrastructure for Europe, challenging the dominance of US hyperscalers.
Products and solutions
On-demand GPU instances (including A100, H200, GB200), Serverless inference endpoints, Bare-metal clusters, AI model hosting, Autoscaling containers, Instant GPU clusters with preconfigured Slurm via Slinky or Kubernetes with Kueue, Container registry
Unique value
Their focus on building a European-sovereign AI cloud, powered entirely by renewable energy, sets them apart from the major US-based cloud providers.
Target customer
AI developers, startups, and enterprises requiring scalable and affordable GPU computing for machine learning and AI model deployment.
Industries served
Technology, AI/ML Development, Cloud Computing
Technology advantage
A key advantage is their cost-effective access to high-performance GPU clusters, which addresses a critical bottleneck for AI innovation. Their use of renewable energy is also a significant business and ethical advantage.
How they differentiate
DataCrunch differentiates itself by focusing on European AI sovereignty, providing a cost-effective and sustainable alternative to US-based hyperscalers. Their key differentiators are their commitment to using 100% renewable energy, adherence to European data regulations, and providing high-performance GPU computing specifically for AI and machine learning workloads.
Main competitors
US Hyperscalers (AWS, Google Cloud, Azure), CoreWeave, Lambda GPU Cloud
Key partnerships
NVIDIA Preferred Partner, Official inference partner for FLUX.1 Krea [dev], Aleph Alpha: GPU infrastructure and engineering collaboration for Kolibri model training
Notable customers
1X, Nokia, ExpressVPN, Freepik, Aleph Alpha, Magnific, Epsilon Health
Major milestones
Rebranded from DataCrunch to Verda in November 2025., Raised $64M Series A in September 2025., Raised $117M in April 2026 led by Lifeline Ventures., Became an NVIDIA Preferred Partner., Revenue run rate exceeded $60M in Q1 2026, cash flow positive., Grew team to 110+ members with offices in Helsinki, London, and San Francisco., Established data centers powered by 100% renewable energy., Became an ISO-certified cloud provider.
Growth metrics
Annualized revenue run rate reached $165 million in July 2026. As reported September 22, 2026, Verda served organizations across 50+ countries and employed over 250 people.
Market positioning
DataCrunch is positioned as a specialized, European-focused AI cloud provider. They aim to be the first sovereign AI cloud hyperscaler in Europe, targeting a market segment that values data privacy, sustainability, and a regional alternative to the dominant American tech giants.
Geographic focus
Europe
Patents and IP
No public information available on patents.
About Ruben Bryon
Before founding DataCrunch in 2020, Ruben Bryon worked on cloud 3D rendering and building GPU clusters. The Elo Health co-founder attribution belongs to investors Ari Tulla and Tapio Tolvanen.
Latest news about Verda (formerly DataCrunch)
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Official website: https://verda.com/