DataCrunch attracts €55M to accelerate Europe’s AI cloud independence

Helsinki-based DataCrunch has secured €55 million in Series A funding to accelerate its push toward becoming Europe’s first AI cloud hyperscaler. Backed by Finnish investors and debt financing from major banks, the company plans to expand infrastructure, grow its team, and advance a proposed AI gigafactory in Latvia. By offering GPU-powered, regulation-compliant cloud solutions, DataCrunch positions itself as a local alternative to US hyperscalers dominating Europe’s market.