- Evroc raised $54 million in Series A funding to build sovereign cloud and AI infrastructure across Europe.
- The company plans to launch data centres and AI hubs in France and Sweden, creating over 3,000 jobs by 2028.
What happened: Evroc raises $54M to build Europe’s hyperscale cloud and AI infrastructure
Evroc, a Stockholm-based data center startup, has raised over $54 million in a Series A funding round, marking the largest tech Series A in the Nordics. The round was led by international investment firm blisce/, with participation from transatlantic investor Giant Ventures and existing backers EQT Ventures and Norrsken VC. This investment aims to accelerate the development of Europe’s sovereign hyperscale cloud and AI infrastructure.
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Why it’s important
Europe’s cloud adoption lags behind, with only 41% penetration compared to 78% in the United States, widening the productivity gap. Evroc addresses this challenge by developing a sovereign cloud solution that ensures data storage and processing within EU borders, complying with GDPR and other European regulations. The company plans to launch an AI factory in Mougins, France, and acquire land for a flagship AI data center in Stockholm, Sweden, aiming to operate eight hyperscale data centers and three software development hubs across Europe by 2028, creating over 3,000 jobs.
