DataCrunch, a Helsinki, Finland-based AI computing infrastructure provider, has raised $13 million in seed funding, bringing its total funding to $18 million. 

Investors 

The round was led by byFounders VC, with participation from J12 Ventures and various angel investors, including notable figures from the tech and AI sectors. 

Founded in 2017, byFounders is a venture capital firm based in Copenhagen, Denmark. The firm seeks to invest in early-stage, software-driven companies with a geographic focus on the Nordics and Baltic regions. 

DataCrunch Use of Funds 

The company plans to scale its infrastructure and expand its services, including the upcoming launch of Nvidia H200 servers and GB200 NVL72 clusters. 

About DataCrunch 

Founded in 2020 by Ruben Bryon, DataCrunch focuses on delivering high-performance computing solutions tailored specifically for artificial intelligence (AI) workloads. The platform allows users to scale computing resources (storage, processing power, networking) up or down based on their needs. DataCrunch operates data centers in Finland and Iceland, regions known for their renewable energy sources. The company's goal is to become Europe’s leading provider of AI infrastructure. 

Funding Details 

Company: DataCrunch 

Raised: $13.0M 

Round: Seed Round 

Funding Date: October 2024 

Lead Investor: byFounders VC 

Additional Investors: J12 Ventures, Angel Investors 

Company Website: https://datacrunch.io/  

Software Category: AI Computing 

Source: https://tech.eu/2024/10/21/datacrunch-advances-affordable-ai-infrastructure-with-13m-seed-funding/