Verda has raised $189 million in new funding and said in a post on X that the round makes it "Europe's latest unicorn." The company called the funding an acceleration of its work building AI infrastructure for customers.
The Series B was led by Emergence Capital and values Verda at more than $1 billion. Other investors include MUFG Innovation Partners, Supermicro, Varma Mutual Pension Insurance Company, Lifeline Ventures, 6 Degrees Capital, byFounders and Tesi (Finnish Industry Investment Ltd).
Verda describes itself as a full-stack AI cloud, offering GPU instances, instant clusters, serverless containers and storage for work ranging from prototyping to foundation-model training and inference. It says it manages physical servers and data centers as well as developer software tools, and offers access to NVIDIA GPU models including GB300, B300, B200, H200, H100 and A100.
The company plans to use the money to expand compute capacity, speed product development across its AI cloud layers and support expansion in Europe, the US and Asia. Verda reported an annualized revenue run rate of $165 million as of July 2026.
Founded in Helsinki in 2020 as DataCrunch, Verda adopted its current name in late 2025. The company previously raised a $13 million seed round, a $64 million Series A in January 2026 and a $117 million round in April 2026. Its total capital raised across equity and debt now exceeds $450 million.
Verda operates in a European AI-infrastructure market that includes Nebius and Nscale, alongside larger US-based GPU cloud providers CoreWeave, Crusoe and Lambda.
