Verda, based in Helsinki, raised $117M led by Lifeline Ventures to expand into the UK and US markets.
Verda, a Helsinki-based AI cloud company, has secured $117 million in funding to accelerate product development and penetrate new markets. The funding round was led by Lifeline Ventures, with participation from byFounders, Tesi, Varma, and Nordic financial institutions. Founded in 2020 by Ruben Bryon and rebranded as Verda in 2025, the company aims to address the complexities and high costs associated with traditional cloud infrastructure for AI workloads.
Market Growth and Expansion Plans
The demand for rented GPU computing power, crucial for AI systems, is rapidly increasing. The GPU-as-a-service market is expected to grow from $5.73 billion in 2025 to $7.38 billion in 2026, reaching $26.09 billion by 2031. Verda intfinishs to utilize the funds to expand into the UK and US markets and hire over 100 employees by the finish of 2026.
Verda’s Unique Offering
Unlike traditional cloud giants, Verda focutilizes on AI-specific necessarys, providing high-performance, cost-effective GPU compute. The company operates data centers in Finland and Iceland, powered by renewable energy, complying with EU data regulations. Verda offers vertically integrated services managing every part of the stack, ensuring competitive pricing and consistent performance.
Customer Base and Financial Health
Verda’s clients include 1
X, Nokia, ExpressVPN, and Freepik. The company is a NVIDIA Preferred Partner and has achieved a revenue run rate of over $60 million in Q1 2026, maintaining cash flow positivity. The funding round brings Verda’s total raised capital to over $200 million, positioning it for continued growth in the AI cloud market.
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