Helsinki's Verda Raises $189M Series B Led by Emergence at $1B+ Valuation for AI Cloud
Summary
Helsinki-based Verda closed a $189M Series B led by Emergence Capital, valuing the full-stack AI cloud at more than $1B and bringing total funding above $450M. MUFG Innovation Partners, Supermicro, Varma, Lifeline, 6DC, byFounders, Tesi and angels including Meta's Ola Tørudbakken participated. Verda says it hit a $165M annualized revenue run rate in July and will spend the round on compute capacity, inference, and expansion into London and San Francisco.
Originally reported by tech.eu
Read the original article →Original headline: Helsinki's Verda Raises $189M Series B Led by Emergence at $1B+ Valuation for AI Cloud