DataCrunch today announced a $64 million (~€55 million) Series A funding round as it accelerates its mission to become Europe’s first AI cloud hyperscaler. The capital infusion will fuel the deployment of next-generation infrastructure, including NVIDIA’s cutting-edge Blackwell architecture, and expand the company’s footprint across the continent.
The round was led by byFounders, Skaala, Varma Mutual Pension Insurance Company, and Tesi, with participation from J12 Ventures and select angel investors. A portion of the funding includes debt financing led by Nordea and Armada Credit Partners, with participation from Danske Bank, Norion Bank, and LocalTapiola.
Building a sovereign AI cloud
DataCrunch’s mission has always been clear: “make access to GPU compute as easy as possible without compromising on user experience, regulatory compliance, or sustainability.” This principle is particularly vital in Europe, where a significant gap in cloud capacity forces many companies to rely on foreign providers, primarily US hyperscalers. This dependence can create challenges with data security, regulatory compliance, and cost efficiency.
DataCrunch is tackling this head-on by building a sovereign, secure, and scalable AI cloud. Its infrastructure is designed to keep data within Europe, fully GDPR-compliant, and outside the reach of the US Cloud Act. The platform already powers AI training and inference for European innovators and global companies, including 1X, Unbabel, Sony, and Freepik.
Innovation and sustainability at hyperscale
The company has already achieved several key milestones in 2025, including being one of the first providers worldwide to offer the NVIDIA® HGX B200 platform with on-demand access and launching Instant Clusters with InfiniBand™ interconnect for self-serve distributed training.
“We were recognized with bronze in the GPU Cloud ClusterMAX™ Rating System by SemiAnalysis, matching Google Cloud Platform and outperforming more than 100 other providers in the evaluation,” the company stated.
All of DataCrunch’s operations in Finland and Iceland are powered by 100% renewable energy. This commitment to sustainability is a core part of their growth strategy, as AI infrastructure is power-hungry. The official funding announcement says:
“This funding allows us to grow to hyperscaler scale while staying true to that principle, delivering the performance you need with the lowest possible environmental impact.”
The new funding will enable the deployment of GB300 and B300 systems and the establishment of a new location in Akaa, Finland. The company has also submitted a proposal to the European Commission, with the support of the Republic of Latvia and a network of organizations, to build one of Europe’s first AI GigaFactories, a dedicated facility with up to 100,000 accelerators, to provide secure compute capacity within EU borders.
Looking ahead, DataCrunch plans to roll out new features, including Managed Kubernetes for easier cluster management, geographically distributed object storage, and managed inference endpoints, to continue providing a comprehensive, one-stop platform for European AI developers.
