Verda raises $189M to expand AI cloud capacity

Verda has announced a new $189 million / €163 million funding round to scale its full-stack AI cloud and multiply compute capacity.

• The financing includes an oversubscribed Series B led by Emergence Capital, with participation from MUFG Innovation Partners, Supermicro, Varma Mutual Pension Insurance Company, Lifeline Ventures, ENDUR, 6 Degrees Capital (6DC), byFounders, Tesi, and angel investors.
• Verda said the money will accelerate product development across its AI cloud, including inference, and that it plans to multiply its compute capacity over the next year; the company also said it reached $165 million annualized revenue run rate in July and has opened offices in London and San Francisco.