Finland’s DataCrunch bags €12M to provide affordable AI computing

Helsinki-based DataCrunch, a provider of AI computing infrastructure, announced on Monday that it has raised $13M (approx €12M) in a seed funding round led by byFounders.

Other participants in the round include J12 Ventures, and several prominent angels, including Oskari Saarenmaa (founder of Aiven), Tuomo Riekki (founder of Smartly), former AI researchers and founders from the likes of DeepMind and Elo Health, and continuous support from the Finnish insurance company Local Tapiola and Nordic bank Nordea.

The company will use the funds to scale infrastructure as it sets out to become Europe’s first hyperscaler. With the capital, DataCrunch plans to scale its team further and expand its services to meet growing demand across Europe and beyond.

The announcement comes as the company is set to launch its use of Nvidia H200 servers and clusters, and will adopt GB200 NVL72 clusters next year, further expanding the speed, capacity, and capabilities of the infrastructure it provides.

This seed round brings the company’s total capital raised to $18M (approx €16.5M). 

“DataCrunch was born out of frustration with the existing hyperscaler offerings. AI companies deserve better access to computing without the complexity and high costs that have become the industry norm”, says Ruben Bryon, Founder and CEO of DataCrunch.

“With this new round of funding, we are scaling our infrastructure to meet the growing demand, and firmly positioning ourselves as Europe’s leading provider of AI infrastructure,” adds Bryon.

DataCrunch: Provider of AI computing infrastructure

Founded in 2020 by Ruben Bryon, DataCrunch provides high-performance, cost-effective cloud GPU solutions for AI training and interference.

The company enables businesses to scale computing resources up or down—including storage, processing power, and networking—providing infrastructure that can adjust to fluctuating demand while efficiently managing large computational needs. 

With data centres in Finland and Iceland, known for renewable energy, the company serves AI workloads at a fraction of the cost of traditional cloud providers.

The platform also offers self-service tools for deploying proprietary models with ease.

The investor

byFounders VC is a community-powered early-stage VC that backs the next generation of globally ambitious and impact-aware founders.

“We are proud to lead this investment round for DataCrunch”, adds Magnus Hambleton at byFounders.

“Ruben and his team have built an incredibly efficient model that not only solves a pressing issue for AI companies but also solidifies DataCrunch’s position as a key player in AI infrastructure. As the industry races to find solutions that are convenient, cost-effective, and scalable, we are pleased to support DataCrunch on its path to becoming the first European hyperscaler,” Hambleton.