DataCrunch.io Raises €55 Million Series A to Expand AI Cloud Infrastructure Across Europe
DataCrunch.io, a Helsinki-based AI infrastructure provider, has secured €55 million in a Series A funding round, bringing its total capital raised to €76.5 million. The round was led by byFounders, Skaala, Varma, and Tesi, with participation from J12 Ventures and angel investors. Additionally, debt financing was provided by Nordea, Armada Credit Partners, Danske Bank, Norion Bank, and Local Tapiola.
Founded in 2020 by CEO Ruben Bryon, DataCrunch aims to become Europe’s first AI cloud hyperscaler. The company provides high-performance, cost-efficient cloud GPU solutions for AI training and inference, serving clients like Sony, Freepik, Schibsted, 1X, Unbabel, and leading universities. DataCrunch’s platform offers fast and affordable access to compute clusters optimized for every stage—from research and training to large-scale inference. The company is among the first worldwide to deploy NVIDIA’s HGX B200 systems, with plans to add the B300 and GB300 soon.
The funding will enable DataCrunch to expand its infrastructure, grow its team, and broaden services by deploying NVIDIA’s newest systems. The company has also proposed an AI gigafactory in Latvia, in collaboration with the Republic of Latvia and global investors, and submitted its expression of interest to the European Commission. The proposed facility aims to house 100,000 GPUs, providing critical compute resources for startups, SMEs, and research institutions across the EU.
DataCrunch’s choice of Finland and Iceland for its operations is strategic, offering access to abundant renewable energy sources, natural cooling that reduces operational costs, stable power grids with competitive energy pricing, and a geographic position to serve European markets. The company’s focus on renewable energy-powered facilities addresses growing concerns about AI’s environmental impact, offering a more sustainable approach to high-performance computing.
The investment in DataCrunch reflects a broader trend of building European technological sovereignty for digital infrastructure. As AI workloads become more demanding and specialized, the need for dedicated computing resources optimized for AI tasks continues to grow. DataCrunch’s focus on this niche, its sustainable approach, and its strategic location position it to play an important role in Europe’s AI computing landscape.
