Helsinki-based AI cloud company Verda announced on September 22, 2026, that it had raised $189 million (€163 million) in new funding. Verda described an oversubscribed Series B led by Emergence Capital, alongside additional investment; Data Center Dynamics also described the full $189 million as a Series B. Verda said its total funding now exceeds $450 million (€390 million).
What Verda announced
The company’s September 22 announcement puts the new financing at $189 million (€163 million) and says the round brings its total funding to more than $450 million (€390 million). Verda described the financing as an oversubscribed Series B led by Emergence Capital, plus additional investment. Verda’s funding announcement and its company profile report the cumulative total. Data Center Dynamics’ October 5 report labels the full $189 million a Series B, while the company’s release uses the more qualified description above. Data Center Dynamics
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The announcement does not specify valuation, share dilution, or a detailed breakdown between the Series B and the additional investment. Those terms should not be inferred from the headline amount.
What the funding is intended to support
Verda said it would use the capital to accelerate development of its AI cloud, spanning compute capacity and platform services. It specifically named inference as an investment area and said it planned to multiply compute capacity over the next year. That is a forward-looking plan, not a report that the added capacity is already operating. Verda’s announcement
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Data Center Dynamics separately reported that Verda was targeting more than 250 MW of operational capacity by 2027. That is an outlet-reported target, not a figure included in the cited funding announcement. Data Center Dynamics
What Verda’s AI cloud does
Founded in Helsinki in 2020, Verda says it manages the technology stack from physical data centers and hardware through its cloud platform and AI research. Its listed services include GPU instances, self-service GPU clusters, serverless containers, and storage. In practical terms, “full-stack AI cloud” means the company offers both underlying infrastructure and cloud services for teams building or running AI workloads—not consumer GPU sales. Verda company information Verda cloud offerings
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- Keep critical network equipment secure: glass door and side panels are lockable to prevent unauthorized access; Front door can be installed on either side of the front of the cabinet to satisfy your door swing orientation preference
- Easy equipment configuration: Fully adjustable mounting rails and numbered U positions, with square holes for easy equipment mounting with top and bottom punchout panels for easy cable access
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- PCI & HIPPA and EIA/ECA-310-E compliant
Revenue figure Verda has reported
Verda said it reached a $165 million annualized revenue run rate in July 2026. This is a company-reported ARR figure; the cited material does not establish it as audited revenue. Verda’s reported figure
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