Months after raising €102.5 million, Helsinki’s AI infrastructure company Verda secures €22 million NIB loan

The Nordic Investment Bank (NIB) has signed a 4-year €22 million InvestEU-backed loan with Verda (formerly DataCrunch), a Helsinki-based AI infrastructure company. This financing comes months after the company raised €102.5 million ($117 million) in funding to develop its AI cloud infrastructure and international expansion. Ruben Bryon, founder and CEO of Verda Cloud, said, “AI […] The post Months after raising €102.5 million, Helsinki’s AI infrastructure company Verda secures €22 million NIB loan appeared first on EU-Startups .