Verda Raised $189 Million for Renewable Data Centers
The startup plans to expand its 100 percent renewable energy infrastructure to support global AI workloads.
Updated on Oct. 5, 2026 in Data Centers
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Verda has secured $189 million in a Series B funding round led by Emergence Capital, bringing its total capital raised to over $450 million. The company intends to use the funding to increase its data center capacity and invest in new software platforms.
Why it matters
As the demand for AI compute scales, providers are seeking ways to expand capacity while maintaining 100 percent renewable energy usage. Verda’s growth trajectory highlights the ongoing competition to build sustainable, high-performance infrastructure.
Verda currently operates data centers in Finland and Iceland that run on 100 percent renewable energy. The company is preparing to deploy Nvidia Vera Rubin NVL72 systems and plans to launch S3-compatible Object Storage.
The players
Verda
An infrastructure company founded in 2020 that provides data center services powered by 100 percent renewable energy.
Emergence Capital
A venture capital firm focused on enterprise software and cloud services that led Verda's Series B funding round.
Nvidia
The semiconductor designer providing the Vera Rubin NVL72 systems that Verda plans to deploy for AI compute.
The details
The company relies on high-density cooling and renewable power sources in Northern Europe to house its hardware. It intends to integrate the Nvidia Vera Rubin NVL72—a modular system architecture designed for large-scale GPU interconnectivity—to accelerate AI training and inference workflows. Furthermore, the firm is developing S3-compatible Object Storage, a protocol that allows applications to store and retrieve data as distinct objects rather than traditional file structures, to improve data management for enterprise clients.
Timeline
2020: Verda was founded as DataCrunch.
October 2024: The company raised $13 million in seed funding.
September 2025: Verda raised $64.6 million in Series A funding.
April 2026: Verda secured $117 million in a funding round.
2027: The company targets over 250MW of operational capacity.
The Tech Race
Verda is aligning its expansion strategy with the deployment cycle of the Nvidia Vera Rubin architecture. This move places the firm in direct competition with major hyperscalers attempting to secure high-performance GPU clusters while meeting strict environmental sustainability benchmarks.
The expansion will eventually offer increased capacity for companies requiring high-performance, sustainable cloud hosting. Availability in specific regions like the US and Asia is currently planned but lacks a public release date.
The takeaway
Verda’s ability to scale past 250MW of capacity will test the viability of 100 percent renewable energy in high-density AI clusters. Watch for the company's progress in expanding its network into the US and Asia markets through 2027.
Further reading
For more on how infrastructure providers are scaling power-efficient compute, see our Data Centers section.
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Do you trust that growing data center infrastructure can be sustainably managed in your area?
