Finland-based cloud infrastructure provider DataCrunch secures €13 million in initial investment to expand its specialized computing services across Europe, driving growth and market presence. The funding round, led by Founders, included participation from J12 Ventures, Native Tapiola, Nordea, and various other technology-focused investors, enabling the company to develop a cloud infrastructure optimized specifically for artificial intelligence workloads.
Founded in 2020 by Ruben Byron, DataCrunch created a cutting-edge cloud computing infrastructure to tackle the unique complexities of large-scale AI operations. By offering cloud-based infrastructure as a service from its data centers located in environmentally friendly Finland and Iceland, the corporation provides users with reliable access to high-performance computing resources that are powered by sustainable energy sources and cooled naturally.
The brand-new funding will enable DataCrunch to upgrade its cloud infrastructure by deploying cutting-edge NVIDIA H200 servers and high-performance GB200 NVL72 clusters, significantly enhancing the company’s computing capabilities. This technical innovation addresses the growing need for advanced cloud computing resources catering to the sophisticated demands of AI applications and analytics projects across European marketplaces.
“With the injection of fresh capital, DataCrunch is poised to amplify its infrastructure capabilities, efficiently catering to surging demand while solidifying its position as Europe’s leading provider of AI infrastructure,” said Ruben Bryson, Founder and CEO of DataCrunch.
Sustainable computing at scale
The strategic decision by DataCrunch to establish a presence in both Finland and Iceland was no accident. The following regions provide unique advantages for building an AI computing infrastructure:
- Accessing a diverse array of abundant renewable energy sources.
- Optimized cooling solutions that significantly reduce operational expenses.
- Secure the global energy grid through the strategic implementation of dynamic and adaptive vitality pricing strategies.
- Strategically situated to efficiently serve European markets, leveraging its advantageous geographical location.
The corporation’s focus on renewable energy-powered services addresses growing concerns about AI’s environmental impact, offering a more sustainable approach to high-performance computing?
Market alternative and European context
As the European market experiences a surge in demand for AI computing capabilities, the timing of DataCrunch’s growth is particularly noteworthy. As organizations across the continent accelerate their AI deployments, a reliable, scalable, and compliant computing infrastructure becomes increasingly crucial. With DataCrunch poised to become Europe’s initial hyperscaler with an AI-centric focus, it is well-positioned to dominate the market currently controlled by non-European providers.
“At DataCrunch, we possess a distinctively sharp vision that sets us apart from our competitors in our mission to provide computing services with an irreproachably minimal carbon footprint.” Positioned at the vanguard of the green revolution in Europe, we operate with unwavering enthusiasm and leverage our advantageous location to maximize returns. With our Scandinavian heritage, we’re uniquely positioned to capitalise on the globe’s most competitive electricity and cooling rates, thereby offering unparalleled pricing advantages.
The funding allocated to DataCrunch is instrumental in fostering the construction of European technological autonomy through key digital infrastructure projects. As AI workloads evolve to become increasingly complex and specialized, the requirement for dedicated computing resources optimized specifically for AI tasks continues to grow exponentially. DataCrunch’s focus on this niche market, combined with its eco-friendly approach and prime European location, positions the company to occupy a crucial spot within the continent’s AI computing landscape.
