DataCrunch.io, a European leader in AI infrastructure based in Finland, has successfully raised $13 million in seed funding, marking a significant step toward its goal of becoming Europe’s first AI-dedicated cloud hyperscaler. This funding round, spearheaded by byFounders and supported by J12 Ventures alongside prominent angel investors including industry veterans like DeepMind and Aiven founders, reflects growing investor confidence in Europe’s potential to meet escalating AI computational demands with local resources.
With this financial boost, DataCrunch.io aims to expand its cloud capabilities to address an urgent need for affordable, scalable AI computing in Europe, a market still largely reliant on US-based tech giants for high-performance AI infrastructure. As AI workloads become increasingly intensive, access to advanced hardware, such as GPUs and high-speed servers, has emerged as a limiting factor for innovation in sectors ranging from biotech to autonomous driving. DataCrunch.io’s infrastructure aims to fill this gap by offering GPU-as-a-Service, enabling startups and tech companies to access robust computational resources without the prohibitive overhead of maintaining hardware.
