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Verda (Finland) raises $189M in Series B

39 pointsby 2h agoverda.com
12 comments
1h agoHN ↗

Verda is great! The only thing bad about Verda is that it's sold out fairly often :-) So the $189M will hopefully help with that.

1h agoHN ↗

Excellent news for European tech stack - congrats!

1h agoHN ↗

$198M for AI Cloud when US has a company that pays one of it's employees about that?

59m agoHN ↗

AI cloud? I guess 189 mil will buy nvidia GPUs to host inference for Chinese models for Europeans? Is that what this is?

28m agoHN ↗

That's a real risk.

Hopefully it's for buying VSORA or Euclyd machines, but well...

9m agoHN ↗

The VSORA machines, possibly. They are apparently delivered and being installed at Scaleway.

The Euclyd machines, probably many months away.

50m agoHN ↗

Yeah the sold out bit is telling, and it's rarely the cards, it's finding racks with enough power and cooling ready to take them.

1m agoHN ↗

Sincere congrats to the Verda team :-)

Can someone please help me understand what their competitive advantage is, versus the likes of AWS / Azure et al, who are also available in the EU.

I love a good underdog story, but I'm not understanding the economics of it.