Evroc, a Swedish startup, has secured €50.6 million in Series A funding to develop a hyperscale cloud infrastructure in Europe. This initiative aligns with Europe’s desire for technological independence from U.S. companies. The company plans to set up eight data centers by 2028, with a focus on AI-driven workloads. Currently, it operates four co-location facilities in Stockholm and Paris, and anticipates two more in Frankfurt shortly. Evroc, catering to sectors like defense and healthcare, emphasizes high operational energy efficiency and is launching later this year.
"They [....] are designed for the energy density required for AI, where racks can consume 20 times what a traditional server rack can," Evroc CEO and founder Mattias Åström told TechCrunch.
Evroc's formal launch is slated for later this year, with Åström adding that it is already working with early beta customers in industries requiring a "high need for sovereignty," including defense, public sector, health care and financial services.
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