Verda raises $189M for the GPU cloud investors once called too capital intensive

Emergence Capital led the Series B; Verda says it is worth at least $1B and plans more than 250 MW of operations in 2027.

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Primary source: Bloomberg Technology

Why it matters

Verda now has more than $450M in equity and debt to build a European AI cloud, but its $1B-plus valuation depends on converting a self-reported $165M run rate into durable demand and high GPU utilization.

A technician stands amidst rows of powerful GPU server racks and extensive cooling infrastructure in a vast, modern data center.

Ruben Bryon, founder and CEO of Verda, has raised $189 million in a Series B led by Emergence Capital, Bloomberg reported, giving his Helsinki-based AI cloud a valuation of at least $1 billion. Verda declined to give Bloomberg the exact figure.…

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