Verda announces $189M Series B; the $1B valuation is the company's own figure
European AI-cloud firm Verda has announced an oversubscribed Series B; the claimed $1B valuation is company-sourced, and actual compute expansion remains undisclosed.
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Verda has announced $189 million in new funding, an oversubscribed Series B led by Emergence Capital, with participation from MUFG Innovation Partners, Supermicro, Finnish pension company Varma and others.
The company says the round brings total funding above $450 million and values it at over $1 billion, making it Europe's latest unicorn; that valuation is the company's own figure and has no independent confirmation. The report also cites a $165 million annualised revenue run rate as of July, likewise a company statement.
The funds will go toward inference product development and multiplying compute capacity within a year; the specific added capacity and power arrangements are not disclosed. This is an announced round; closing and cash-receipt details await further company disclosure.