Verda Cloud Oy

AI Infrastructure · Cloud Computing

Funding

Finnish AI cloud firm Verda becomes a unicorn in $189M round backed by MUFG

Sovereign AI infrastructure is pulling Asian capital into Europe as smaller clouds race to compete with hyperscaler giants.

• Verda Cloud Oy closed a $189 million Series B round led by Emergence Capital, with MUFG Innovation Partners joining as a new strategic backer, pushing the Helsinki startup's valuation past $1 billion.
• Founded in 2020 and led by CEO Ruben Bryon, Verda runs a vertically integrated AI cloud spanning physical GPU data centers to serverless inference endpoints, powered entirely by renewable energy.
• MUFG Innovation Partners invested through its MUFG Innovation Partners No. 3 fund after advisory firm Intralink introduced Verda to the bank in Tokyo in June 2026 to support its Asia-Pacific expansion.
• The round lifts Verda's total funding to roughly $420 million since its 2020 founding, with about 250 employees now spread across Europe, the US and Asia.
• The raise lands alongside a wave of AI infrastructure investment in Finland, including Google's €13 billion data center commitment and Nebius's planned 310 MW AI campus in Lappeenranta.
• A European GPU cloud attracting a major Japanese bank's venture arm signals that sovereign AI compute is becoming a serious investment category distinct from betting on US hyperscalers.