DataCrunch, a European provider of artificial intelligence (AI) computing infrastructure, has secured €12 million in a seed funding round led by venture capital firm byFounders.
The investment aims to bolster the company’s infrastructure as it strives to become Europe’s first hyperscaler, enhancing service delivery for AI companies by increasing computing capacity, according to an announcement.
Other participants in the funding round include J12 Ventures and several prominent angel investors such as Oskari Saarenmaa, founder of Aiven, and Tuomo Riekki, founder of Smartly. T
he round also received continued support from Finnish insurance company Local Tapiola and Nordic bank Nordea.
Founded in 2020 by CEO Ruben Bryon, DataCrunch’s total capital raised now amounts to $18 million. The company reports a 250% increase in annual revenue and has provided services to a range of AI startups and scaleups, including developers at OpenAI, Sony, 1x.tech, Freepik, Nex.art, Manifest.ai, and Premai.io.
The new funding will be utilized to scale DataCrunch’s infrastructure, with plans to launch the use of Nvidia H200 servers and clusters.
The company also intends to adopt GB200 NVL72 clusters next year, aiming to expand the speed, capacity, and capabilities of its offerings. This expansion is designed to meet the growing demand for optimized, high-performance computing resources in the AI sector.
Despite global growth, AI innovation faces significant challenges, notably the cost and limited availability of accelerators like GPUs. DataCrunch addresses this issue by offering on-demand, cost-effective access to compute clusters specifically designed for AI workloads.
The platform allows businesses to scale computing resources up or down—including storage, processing power, and networking—to adjust to fluctuating demand while efficiently managing large computational needs.
Leveraging data centers in Finland and Iceland, regions known for their use of renewable energy, DataCrunch can serve AI workloads at a fraction of the cost of traditional cloud providers.
The company matches customers with specialized hardware and software, enabling them to scale successfully. Additionally, the platform offers self-service tools that empower customers to deploy their proprietary models autonomously.
ByFounders’ investment signifies confidence in DataCrunch’s potential to become a key player in AI infrastructure. As the industry seeks solutions that are convenient, cost-effective, and scalable, DataCrunch positions itself to meet these evolving needs.