DataCrunch.io, a Finnish AI computing infrastructure provider, has secured €12 million in seed funding, with byFounders leading the round. This investment will help the company scale its infrastructure and position itself as Europe’s first AI hyperscaler, offering enhanced computing capacity for AI companies across the continent.
Other investors include J12 Ventures and several high-profile angels such as Oskari Saarenmaa (Aiven founder), Tuomo Riekki (Smartly founder), and former AI researchers from DeepMind and Elo Health. Long-term partners Local Tapiola and Nordea also continued their support.
Founded in 2020 by CEO Ruben Bryon, DataCrunch has raised a total of $18 million. The company has experienced a 250% revenue increase and provides services to top AI startups, including developers from OpenAI, Sony, Freepik, and Premai.io.
Bryon highlighted the company’s mission: “We created DataCrunch out of frustration with current hyperscalers. Our goal is to provide AI companies with better, cost-efficient access to computing.” With the new funding, DataCrunch will scale its infrastructure to meet growing demand and launch Nvidia H200 servers, with plans to adopt GB200 NVL72 clusters next year.
The demand for AI computing power continues to grow, but companies often face challenges with high costs and limited access to accelerators like GPUs. DataCrunch addresses this issue by offering cost-effective, on-demand computing tailored for AI workloads, leveraging energy-efficient data centers in Finland and Iceland.
Magnus Hambleton from byFounders praised DataCrunch’s innovative approach: “They’ve built an efficient model that solves a pressing issue for AI companies and cements their role as a key player in Europe’s AI infrastructure.”
With the new investment, DataCrunch plans to expand its team and services, continuing to support the evolving needs of AI businesses across Europe.
