Verda becomes Europe's latest unicorn with $189 million in new funding. The financing includes an oversubscribed Series B led by Emergence Capital, plus additional investment. Investors participating include MUFG Innovation Partners, Supermicro, Varma Mutual Pension Insurance Company, Lifeline Ventures, 6 Degrees Capital (6DC), byFounders, and others.
The new funding allows Verda to accelerate product development across all layers of its AI cloud, from compute capacity to platform services for frontier AI teams in the agentic era.
"AI is becoming critical infrastructure across industries, and the next few years are a pivotal window for Europe. Our north star is to build the first true tech company in Europe, with AI infrastructure as the starting foundation, and to bring down the carbon footprint of compute worldwide. We're proud of our progress but are a long way from being done," said Ruben Bryon, Verda's founder and CEO.
Press release
Helsinki, Finland — 10am EEST, Tuesday 22nd September | European technology company Verda today announced it has raised $189/€163M million in new funding to scale its full-stack AI cloud.
The financing includes an oversubscribed Series B led by Emergence Capital, plus additional investment. Investors participating in the financing include MUFG Innovation Partners, Supermicro, Varma Mutual Pension Insurance Company, Lifeline Ventures, 6 Degrees Capital (6DC), byFounders, Tesi (Finnish Industry Investment Ltd), and a group of angel investors including Ola Tørudbakken and Mark Saroufim (Core Automation and GPU MODE).
The new funding allows Verda to accelerate product development across all layers of its AI cloud, from compute capacity to platform services for frontier AI teams in the agentic era. Verda will invest in areas including inference, and plans to multiply its compute capacity over the next year.
"AI is becoming critical infrastructure across industries, and the next few years are a pivotal window for Europe. Our north star is to build the first true tech company in Europe, with AI infrastructure as the starting foundation, and to bring down the carbon footprint of compute worldwide. We're proud of our progress but are a long way from being done," said Ruben Bryon, Verda's founder and CEO.
The announcement comes after the company reached $165 million in annualized revenue run rate in July. Verda recently opened offices in London and San Francisco, and has plans for further expansion across Europe, the United States, and Asia.
“Demand for AI compute is insatiable, and the gap between demand and supply is growing,” said Joe Floyd, General Partner at Emergence Capital. “Verda is moving quickly to secure and scale capacity, with the technology, ambition, and momentum to become a defining AI infrastructure company.”
Founded in 2020 in Helsinki, Verda is a full-stack AI cloud company that manages everything from physical data centers and hardware to the cloud platform and AI research.
About Verda
Verda is a technology company building the next generation of cloud infrastructure for AI – compute that's instant, on-demand and at scale. Headquartered in Helsinki, the company operates globally across Europe, the US and Asia. Verda employs around 250 people from over 40 nationalities and has raised over $450M in total funding from investors including Emergence Capital, MUFG Innovation Partners, Supermicro, 6 Degrees Capital (6DC), Lifeline Ventures, byFounders, J12 Ventures, Skaala, Varma and Tesi, alongside leading financial institutions.
About Emergence Capital
Emergence Capital backs visionary founders transforming the way the world works. We partner from the earliest stages and stay committed as companies scale. Notable investments include Bill, Box, Doximity, Genspark, Gusto, Mercor, Physical Intelligence, Salesforce, Together AI, Veeva, and Zoom. More than 1 in 5 of our early-stage investments have exceeded a billion-dollar valuation. Learn more at emcap.com.
Inquiries
Jani Hellström
Head of Communications, Verda
[email protected]
