"Verda has raised $117 million in new funding, with equity led by Lifeline Ventures and debt financing from Nordic financial institutions, to accelerate product development and expansion."
"The company is already cash-flow positive, with an annualized revenue run rate that doubled to over $60 million during the first quarter of 2026, indicating strong financial health."
"Verda's operational profitability at this stage is unusual for a startup in a capital-intensive market, positioning it favorably against better-funded but less profitable rivals."
"The company’s data centers in Finland run on 100% renewable energy, leveraging the Nordic region's advantages in cheap hydroelectric and wind power, enhancing its sustainability profile."
Verda, formerly known as DataCrunch, has secured $117 million in funding led by Lifeline Ventures. The company is cash-flow positive and plans to hire over 100 employees. Verda aims to accelerate product development and expand into the UK, US, and Asia. Its annualized revenue run rate has doubled to over $60 million. Unlike many competitors, Verda is operationally profitable, making the funding a means for expansion rather than survival. The company offers vertically integrated AI cloud infrastructure powered by renewable energy from its Finnish data centers.
Read at TNW | Investors-Funding
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