Helsinki’s Verda becomes Europe’s latest unicorn after raising €164.8 million to scale its full-stack AI cloud

Helsinki-based company Verda has officially achieved unicorn status in Europe after securing €164.8 million in new funding to scale its full-stack artificial intelligence cloud operations.

This latest financing follows significant capital acquisition over the past year. In September of the previous year, the company raised €55 million through a Series A round that was led by byFounders, Skaala, the Varma pension fund, and Tesi. Prior to that, it successfully secured a €12 million Seed funding round in 2024.

With this most recent capital injection, Verda has accumulated over €392.3 million, which translates to approximately $450 million in total funding since its inception. This substantial financial backing enables the company to expand its technological infrastructure and solidify its position in the European artificial intelligence sector.