DataCrunch raises €55M to boost EU AI sovereignty with green cloud infrastructure
Summary
DataCrunch raised €55 million in a Series A round to expand its AI compute platform and pursue its goal of becoming Europe’s first AI cloud hyperscaler. The company serves enterprise customers and educational institutions with high-performance, renewable-powered infrastructure for AI training and inference. It plans to add Managed Kubernetes, distributed object storage, and managed inference endpoints while improving IAM, APIs, and networking automation. DataCrunch also proposed an EU-backed AI gigafactory in Latvia that would add large-scale, regulation-compliant AI capacity for startups, SMEs, and researchers.
Funding
Amount
$64.7M
Total raised
Date
September 8, 2025
Announcement date
Investors
Danske Private Equity, NVIDIA, Varma, Nordea, Tesi, J12 Ventures
Lead investors
Company
https://datacrunch.io
Funded company
Classifications
industries
Fintech & Banking
applications
Networking and Cloud
AskAI Classifications
Labels
Cloud Computing
AI Infrastructure
SaaS
Linked Companies
DataCrunch
$1M to $5M