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DataCrunch wants to be Europe’s first AI cloud hyperscaler — powered by renewable energy
- Finnish startup DataCrunch sells GPUs “as-a-service, as it sets out to become one of Europe’s first “AI compute” hyperscalers.
- DataCrunch today said it has raised $13m in seed funding, exceptionally having raised a significant portion ($5.4m) in debt from Nordea and LokalTapiola.
- DataCrunch will mostly remain anchored in the Nordics and Iceland, as it takes advantage of its data centers located at two green energy sites, Helsinki and Iceland.
- The combination of GPUs, AI hardware and cloud infrastructure has created new industries such as cloud infrastructure providers, which benefit from Nvidia, with companies like Lambda and CoreWeave recently hitting billion-dollar valuations.
- Individual AI researchers are among DataCrunch's target customers, offering an attractive and flexible pricing model for university projects.
- Reducing the carbon footprint of AI processing is also a significant focus for DataCrunch, as it seeks to differentiate with green energy data centers.
- DataCrunch's AI processing offering is better suited for a particular kind of workload that seeks compute without the strictest of latency requirements.
- DataCrunch plans to start building out its own data centers in 2025 and move towards being a public company.
- DataCrunch is blurring the line between hardware and software, SEC filing reveals
- Artificial intelligence cloud platform start-up DataCrunch has raised $13m in seed funding...
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