Verda Has Raised $189 Million in Funding
The AI cloud infrastructure firm plans to expand its operations into the US, UK, and Asia.
Updated on Sept. 22, 2026 in Data Centers
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Verda, formerly known as DataCrunch, has secured $189 million in a new funding round to scale its AI-focused data center operations. The company intends to utilize the capital to fuel international expansion and increase its workforce by the end of 2026.
Why it matters
As a Nvidia Preferred Partner, the company is positioning itself to meet the surging global demand for high-performance AI cloud infrastructure. This capital infusion allows the firm to leverage its existing renewable energy-powered facilities to capture market share in major tech hubs.
Verda currently operates data centers utilizing 100% renewable energy and integrates Nvidia GPU systems alongside Arm AGI CPUs. The company reported a revenue run rate exceeding $60 million in Q1 2026.
The players
Verda
An AI cloud infrastructure provider that operates data centers in Finland and Iceland using renewable energy.
Nvidia
A multinational technology company that designs graphics processing units and partners with Verda to support its infrastructure.
Lifeline Ventures
A venture capital firm that served as the lead investor for the equity portion of the recent funding round.
The details
Founded in 2020, the firm rebranded from DataCrunch in late 2025 to reflect its focus on AI-driven cloud services. The company expects to reach a $100 million revenue run rate by mid-2026 while adding over 100 new employees.
Timeline
Verda was founded as DataCrunch in 2020.
The company raised a $13 million seed round in 2024.
A $64 million Series A round was completed in 2025.
The company rebranded from DataCrunch in late 2025.
Verda reported a revenue run rate over $60 million in Q1 2026.
The Tech Race
The firm is scaling its operations to compete in the global AI infrastructure market, which is increasingly defined by the integration of high-performance Nvidia GPU systems. This move follows a broader industry trend where specialized cloud providers must rapidly expand capacity to keep pace with global AI compute demands.
The expansion of this infrastructure may increase global access to AI-powered cloud services for developers and enterprise clients. Users can expect more robust performance as the company integrates new hardware capabilities into its global network.
The takeaway
Verda is aggressively scaling its footprint to capture the growing demand for sustainable, high-performance computing power. Readers should monitor how the company balances its rapid workforce growth with the technological requirements of integrating next-generation AI hardware.
Further reading
For more information on the evolving landscape of cloud infrastructure, visit Data Centers.
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