DataCrunch.io funding news – Helsinki-based DataCrunch.io Secures €12 Million in Seed Funding

Other participants in the round include J12 Ventures and several prominent angels, including Oskari Saarenmaa (founder of Aiven), Tuomo Riekki (founder of Smartly), former AI researchers and founders from the likes of DeepMind and Elo Health, as well as continuous support from the Finnish insurance company Local Tapiola and Nordic bank Nordea.

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Ruben Bryon, Founder and CEO of DataCrunch, said, “DataCrunch was born out of frustration with the existing hyperscaler offerings. AI companies deserve better access to computing without the complexity and high costs that have become the industry norm; with this new round of funding, we are scaling our infrastructure to meet the growing demand and firmly positioning ourselves as Europe’s leading provider of AI infrastructure.”

The company is planning to launch its use of Nvidia's document_number_1 servers and clusters. Next year, it will adopt plate_number_1 NVL72 clusters, further expanding the speed, capacity, and capabilities of the infrastructure it provides.

With this latest investment round, it plans to expand its team and services to meet growing demand across Europe and beyond. As AI models become more resource-intensive, the need for optimized, high-performance computing has become increasingly important. With rising consumer demands, securing affordable infrastructure has become a critical bottleneck to AI innovation.

Magnus Hambleton at founders said, “We are proud to lead this investment round for DataCrunch; Ruben and his team have built an incredibly efficient model that not only solves a pressing issue for AI companies but also solidifies DataCrunch’s position as a key player in AI infrastructure. As the industry races to find solutions that are convenient, cost-effective, and scalable, we are pleased to support DataCrunch on its path to becoming the first European hyperscaler.”

About DataCrunch.io

DataCrunch.io was founded in 2020 by CEO Ruben Bryon. It is a new cloud service provider with a primary focus on providing its own infrastructure for machine learning.