Verda announced a $189 million (€163 million) financing on Sept. 22, including an oversubscribed Series B led by Emergence Capital. The Helsinki-based AI-cloud company says it will use the funding to develop its platform, expand computing capacity and invest in inference services. Its growth figures and expansion targets have not been independently verified in the available reporting.
The financing combines the Series B with additional investment; Verda has not disclosed a detailed breakdown. The company says the money will support product development across its AI cloud and that it plans to multiply its compute capacity over the next year.
DatacenterDynamics reported that Verda is targeting more than 250 megawatts of operational capacity by 2027. That is a future target, not confirmation of capacity already built or available to customers.
What is included in Verda’s $189 million financing?
Emergence Capital led the financing. Other named investors include MUFG Innovation Partners, Supermicro, Varma Mutual Pension Insurance Company, Lifeline Ventures, ENDUR, 6 Degrees Capital, byFounders and Tesi.
Verda says its total funding now exceeds $450 million, including equity and debt. That broader total is distinct from the $189 million announced in September. The available reporting does not provide the financing’s valuation or a detailed division between equity and debt.
The company previously announced a $117 million financing in April 2026, which it said included equity and debt. DatacenterDynamics reported that Verda raised a $13 million seed round in October 2024 and a $64.6 million Series A in September 2025. The series of financings shows the company has secured capital at multiple stages, but does not establish how quickly new funding will become working capacity.
Verda, formerly known as DataCrunch, was founded in Helsinki in 2020, according to the company and DatacenterDynamics. Its stated plans for this financing focus on building out its AI-cloud offering, including compute and inference services.
What is independently known about Verda’s growth?
Verda reported a $165 million annualized revenue run rate in July 2026. Emergence Capital also cited that figure. The available sources do not include an independent audit, so it should not be read as verified annual revenue.
Verda and Emergence Capital have named 1X, Freepik and ExpressVPN as customers. The sources reviewed do not include confirmation from those customers or details about the scale of their workloads. The names offer indications of potential buyer interest, but do not independently establish broad adoption.
Emergence Capital general partner Joe Floyd said demand for AI computing exceeds supply and argued that Verda could become a significant infrastructure company. That is the lead investor’s assessment, not independent evidence of future growth.
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What did independent testing find about Verda’s cloud?
SemiAnalysis independently evaluated Verda’s Slurm and Kubernetes offerings. It reported provisioning a Verda cluster in 30 minutes and completing an eight-hour burn-in without incident. The evaluation provides direct evidence that the service could be provisioned and tested; it does not verify the company’s revenue, customer relationships or expansion plans.
The testing also found shortcomings. SemiAnalysis reported cross-node exclusive-lock violations in 100 out of 100 tests of both flock() and fcntl(), data corruption in a multi-client download test, and health checks without automated remediation. It also described Verda’s security as solid.
Those results give prospective buyers evidence of an operating service alongside issues that may affect production workloads. The evaluation does not establish whether Verda has since addressed the reported storage and health-check deficiencies, and the available reporting does not confirm that it has.