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DataCrunch Raises $64M in Series A

DataCrunch Content Team 4 min read
DataCrunch Raises $64M in Series A

From the very beginning, our mission has been crystal clear: make access to GPU compute as easy as possible without compromising on user experience, regulatory compliance, or sustainability.

Over the past five years, we’ve built that mission into reality. The DataCrunch Cloud Platform today powers training and inference for AI startups like 1X and Unbabel, enterprises like Sony and Freepik, research institutions, and governmental agencies.

The first half of 2025 has already been a milestone period for us. Among the highlights:

And now, we’re taking our mission to new heights. We’ve raised a $64 million Series A funding round to accelerate our journey to becoming Europe’s first AI cloud hyperscaler.

This 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 round includes debt financing led by Nordea, Armada Credit Partners, with participation from Danske Bank, Norion Bank, and LocalTapiola.

AI Sovereignty

Europe’s gap in cloud capacity remains a critical challenge for European companies because of their dependence on foreign cloud providers, primarily US hyperscalers. This reliance creates challenges around data security, regulatory compliance, and cost efficiency for startups, enterprises, research institutions, and the public sector alike.

We believe that European innovators deserve better. That’s why DataCrunch is building a sovereign, secure, and scalable AI cloud, keeping your data in Europe, fully GDPR-compliant, and outside the reach of the US Cloud Act.

Powered by 100% Renewable Energy

AI infrastructure is power-hungry. But it doesn’t have to come at the expense of our planet and future generations.

All of DataCrunch’s operations in Finland and Iceland are powered by 100% renewable energy, leveraging the Nordics’ leadership in clean electricity and cooling efficiency. 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.

New Infrastructure, New Locations

This investment enables us to keep our users ahead of the curve with the deployment of GB300 and B300 systems based on NVIDIA’s cutting-edge Blackwell architecture.

We’re also growing our footprint with a new planned location in Akaa, Finland, strengthening our capacity to serve companies across Europe with low-latency, sovereign infrastructure.

Scaling Up: The AI GigaFactory

We’ve also submitted a proposal to the European Commission, with the support of the Republic of Latvia and a growing network of organizations, to build one of Europe’s first AI GigaFactories, a dedicated facility for model training and inference with up to 100,000 accelerators.

The proposed AI GigaFactory aims to provide secure compute capacity within EU borders, supporting startups, SMEs, and research institutions that need reliable access to cutting-edge AI infrastructure.

More of What’s Next

This is just the beginning. In the months ahead, we’ll be rolling out:

Our value proposition remains the same: a one-stop AI development platform on top of accessible, affordable, and sustainable infrastructure.

The DataCrunch Stack

Thank You

This milestone is only possible because of the trust of our customers, the belief of our investors, and the dedication of our diverse team of nearly 60 people, representing 27 nationalities, who make DataCrunch what it is today. Thank you for being part of the journey.

As regulatory, environmental, and technological forces converge, we’re committed to being the partner that helps innovators, enterprises, and public institutions build the future of AI, on infrastructure that is fast, fair, and green.

You too can join us on this journey: