HedgeCo.Net — Helsinki-based AI cloud company Verda announced on September 22, 2026 an oversubscribed Series B of $189 million (€163 million) led by Emergence Capital, according to the company’s blog and corroborating coverage from Tech.eu and The Next Web. Verda said the round values the business at more than $1 billion, marking another European unicorn print, and that total funding now exceeds $450 million.
Participants named in the announcement include MUFG Innovation Partners, Supermicro, Varma, Lifeline Ventures, 6DC, byFounders, and Tesi. Company materials cited a $165 million annualized revenue run rate in July and said proceeds will support a multiplication of compute capacity for its AI cloud platform.
For allocators tracking European AI infrastructure equities adjacent to neocloud spend, the disclosed $189 million ticket, >$1 billion valuation, >$450 million cumulative funding, and July ARR run-rate are the hard marks. LP names beyond those published, a hard post-money cap schedule, or capacity build pacing beyond the stated expansion plans should not be inferred. Mark the Emergence lead, the participant roster, and the compute-capacity use of proceeds as sourced.