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WHTop → 📋 News → DataCrunch Raises €55M to Build Europe’s First AI Cloud Hyperscaler
DataCrunch Raises €55M to Build Europe’s First AI Cloud Hyperscaler
DataCrunch Raises €55M to Build Europe’s First AI Cloud Hyperscaler
📅 - DataCrunch, a Helsinki-based high-performance AI infrastructure provider, has raised €55 million in Series A funding as it aims to become Europe's first AI cloud hyperscaler and reduce the continent's dependence on US tech giants. With the fresh capital, DataCrunch intends to grow its workforce, expand its infrastructure footprint, and enhance its service offerings.
The round was led by Finnish investors including Tesi, Skaala, and the Varma pension fund, joined by J12 Ventures and several angel investors. Debt financing was provided by Danske Bank, Norion Bank, Local Tapiola, Nordea, and Armada Credit Partners. With this latest raise, DataCrunch has secured €76.5 million in total funding [...][... Check source for end of article ...]
📅 - DE-CIX Launches AI-Ready Internet Exchange for Global AI Workloads - DE-CIX, one of the world's most prominent Internet Exchange operators, has announced that its global ecosystem of exchanges is now "AI-ready" with the completion of the first phase of its AI Internet Exchange initiative, branded AI-IX. The project marks a strategic step for the Frankfurt-headquartered company as artificial intelligence adoption accelerates and enterprises seek infrastructure designed to support real-time inference and, soon, distributed training.
Phase one of the rollout establishes DE-CIX as a platform capable of handling the requirements of modern AI workloads. More than 50 AI-relevant networks are already connected, ranging from inference-as-a-service and [...]
📅 - Varonis Acquires SlashNext to Expand AI-Powered Email Security Capabilities - Varonis Systems has announced the acquisition of SlashNext, an AI-native email security company known for its strong performance in detecting phishing and social engineering attacks. The deal positions Varonis to expand its footprint in the fast-growing email security market, which analysts expect to double in size from $5.2 billion in 2025 to $10.7 billion by 2032, driven largely by the increasing sophistication of AI-powered threats.
SlashNext was founded by Atif Mushtaq, who previously helped design FireEye's core malware sandbox technology. The company has built its security platform on predictive AI models that combine computer vision, natural language processing, and virtual [...]
📅 - NVIDIA Strikes $1.5B Deal to Lease Back 18,000 GPUs From Lambda - NVIDIA, the dominant force in AI hardware, has entered into a $1.5 billion agreement with cloud services provider Lambda that highlights the extraordinary demand for GPUs and the unconventional ways they are being sourced. According to reports, the deal will see NVIDIA lease back 18,000 of its own GPUs from Lambda over a four-year period, effectively making the chipmaker the cloud firm's largest customer.
The agreement reportedly consists of two components: a four-year lease for 10,000 GPUs valued at approximately $1.3 billion, followed by a $200 million arrangement covering an additional 8,000 processors, believed to be older or less advanced models. The hardware was originally purchased [...]
📅 - Nebius To Deliver Multi-Billion Dollar AI Infrastructure To Microsoft - Nebius Group, a global provider of AI infrastructure, has entered into a multi-billion dollar agreement with Microsoft to supply dedicated computing capacity for artificial intelligence workloads. The multi-year deal marks one of Nebius's most significant partnerships to date and will provide Microsoft with infrastructure from Nebius's upcoming data center in Vineland, New Jersey, which is expected to come online later this year.
Arkady Volozh, founder and chief executive officer of Nebius, described the agreement as both a validation of the company's strategy and a catalyst for future growth. He noted that while the firm's core AI cloud business already serves a wide spectrum of [...]
📅 - NVIDIA Unveils Rubin CPX GPU to Tackle Long-Context AI Inference - NVIDIA is preparing to expand the boundaries of artificial intelligence infrastructure with the introduction of the Rubin CPX, a new GPU designed specifically for handling exceptionally long context windows. The processor, part of the company's upcoming Rubin series, is expected to become available by the end of 2026 and is tailored for workloads that demand processing power across sequences extending to more than one million tokens.
The Rubin CPX is built with a focus on disaggregated inference, an approach that separates the distinct stages of AI inference into compute-bound and memory bandwidth-bound operations. This separation allows specialized hardware to target each phase more [...]
📅 - Quantum Firm Infleqtion to Go Public in $1.8B SPAC Deal - Infleqtion, a U.S.-based quantum computing company, is set to go public through a merger with Churchill Capital Corp X, a special purpose acquisition company (SPAC) led by veteran Wall Street dealmaker Michael Klein. The transaction values Infleqtion at approximately $1.8 billion and is expected to provide the company with roughly $540 million in fresh capital before expenses.
That figure combines funds from the SPAC's trust account and more than $125 million in additional financing through a private investment in public equity (PIPE) from institutional investors including Maverick Capital, Counterpoint Global, and Glynn Capital.
The funding is intended to accelerate product development [...]
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