TechVerda raises $189 million to expand its AI cloud
The financing includes an Emergence Capital-led Series B, Tech.eu reports. Verda says the deal puts its valuation above $1 billion.
TLDR
Tech.eu reports that Helsinki-founded Verda raised $189 million through an oversubscribed Series B led by Emergence Capital and additional investment, bringing total funding above $450 million. Backers include MUFG Innovation Partners, Supermicro and Lifeline Ventures. The outlet says Verda plans to expand computing capacity, develop its AI cloud products and continue growing across Europe, the US and Asia.
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Verda raises $189 million to expand its AI cloud
The financing includes an Emergence Capital-led Series B, Tech.eu reports. Verda says the deal puts its valuation above $1 billion.
TLDR
Tech.eu reports that Helsinki-founded Verda raised $189 million through an oversubscribed Series B led by Emergence Capital and additional investment, bringing total funding above $450 million. Backers include MUFG Innovation Partners, Supermicro and Lifeline Ventures. The outlet says Verda plans to expand computing capacity, develop its AI cloud products and continue growing across Europe, the US and Asia.