Available October 2024 NVIDIA® H200 clusters

DataCrunch.io Secures $13 Million Seed Round to Transform AI Computing

3 min read
DataCrunch.io Secures $13 Million Seed Round to Transform AI Computing

We’re proud to announce that we’ve raised $13 million in a seed funding round led by byFounders. This round positions us to become Europe's first hyperscaler for AI computing, providing scalable, cost-effective, high-performance infrastructure designed specifically for AI workloads.

Scaling AI computing across Europe

The new funding will help us scale our infrastructure to meet the growing demand from AI workloads across Europe and beyond. With this investment, we're aiming to further establish ourselves as the go-to provider for AI developers seeking affordable compute power without compromising on performance.

AI models are becoming increasingly complex and resource-hungry, leading to rising costs and limited availability of accelerators like GPUs. At DataCrunch, our mission is to address this critical bottleneck by offering specialized, on-demand compute clusters that are optimized for AI workloads—all at a fraction of the cost of traditional providers. This funding allows us to expand our services, enhance our use of renewable energy-powered data centers, and make the next generation of AI computing accessible to more innovators.

Our supporters & what's next

This funding round included participation from J12 Ventures and prominent angels including Lasse Espeholt, Nal Kalchbrenner, Oskari Saarenmaa, Henrik Rosendahl, Anders Bo Pedersen, Maaike Bryon, Ari Tulla, Tuomo Riekki and Tapio Tolvanen. We're also proud to have continued support from Local Tapiola and Nordea, solidifying a diverse group of stakeholders aligned with our mission.

Our plans for the immediate future include launching NVIDIA H200 servers and the adoption of GB200 NVL72 clusters next year, improving the speed and capability of the services we offer. As we scale our team and infrastructure, we remain focused on providing businesses with scalable, flexible compute solutions that efficiently manage even the most demanding AI workloads.

Why choose DataCrunch?

DataCrunch exists because AI engineers deserve better. We were founded in 2020 by Ruben Bryon, who experienced firsthand the frustrations of existing hyperscaler offerings—high costs, complex systems, and lackluster customer experience. DataCrunch is our answer to those challenges: an AI computing platform built to offer what you need—on your terms. Our data centers in Finland and Iceland leverage renewable energy to deliver computing at lower costs, and we give our users the ability to scale their workloads effortlessly. Our model is simple: No gatekeeping. Just powerful, cost-effective AI computing that helps you grow.

"AI companies deserve better access to computing without the complexity and high costs that have become the industry norm," said Ruben Bryon, Founder and CEO of DataCrunch. "With this new round of funding, we are scaling our infrastructure to meet growing demand and firmly positioning ourselves as Europe’s leading provider of AI infrastructure."

On our way to become the first hyperscaler running on renewable energy

This investment marks a major milestone for DataCrunch, positioning us as the front-runner to become the first AI-focused hyperscaler running on renewable energy.

“At DataCrunch, we have a clearer vision than our competitors for providing computing services with the smallest possible carbon footprint. We already operate on 100% green energy and benefit from our location in Europe, which is at the forefront of the green transition. Our Nordic roots allow us to take advantage of some of the lowest electrical energy and cooling costs in the world, enabling us to offer the most competitive prices.” said Ruben Bryon.

With the support of byFounders and our investors, we're excited to lead the charge in making AI accessible, affordable, green and scalable.

We're just getting started—join us on our journey to transform AI computing for good!