Close Menu
    Facebook LinkedIn YouTube Instagram X (Twitter)
    Blue Tech Wave Media
    Facebook LinkedIn YouTube Instagram X (Twitter)
    • Home
    • Leadership Alliance
    • Exclusives
    • Internet Governance
      • Regulation
      • Governance Bodies
      • Emerging Tech
    • IT Infrastructure
      • Networking
      • Cloud
      • Data Centres
    • Company Stories
      • Profiles
      • Startups
      • Tech Titans
      • Partner Content
    • Others
      • Fintech
        • Blockchain
        • Payments
        • Regulation
      • Tech Trends
        • AI
        • AR/VR
        • IoT
      • Video / Podcast
    Blue Tech Wave Media
    Home » Evroc raises $54M for European cloud and AI growth
    Microsoft partners with AMD, providing AI chips on Azure, competing with Nvidia. Cobalt 100 processors offer improved cloud performance.
    Microsoft partners with AMD, providing AI chips on Azure, competing with Nvidia. Cobalt 100 processors offer improved cloud performance.
    IT Infrastructure

    Evroc raises $54M for European cloud and AI growth

    By Juno chenMarch 24, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email
    • 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.

    Also read: xAI and Nvidia join $30B AI fund with Microsoft and BlackRock
    Also read: Apple exits OpenAI funding as tech giants vie for AI dominance

    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.

    AI data centers cloud infrastructure data centers digital infrastructure economic growth European digital sovereignty European technology Evroc GDPR compliance hyperscale cloud investment job creation Series A funding sustainable technology tech startups venture capital
    Juno chen

    Juno Chen is an intern reporter at BTW Media. Having studied Media and Data Analytics at the University of Sydney. She specialised in industry insights Contact her at j.chen@btw.media.

    Related Posts

    Huawei targets bigger role in Brazil data centre market

    July 14, 2025

    Ofcom shortens complaint window, telcos voice objections

    July 14, 2025

    Ukraine leads Europe with Starlink phone messaging plan

    July 14, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    CATEGORIES
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023

    Blue Tech Wave (BTW.Media) is a future-facing tech media brand delivering sharp insights, trendspotting, and bold storytelling across digital, social, and video. We translate complexity into clarity—so you’re always ahead of the curve.

    BTW
    • About BTW
    • Contact Us
    • Join Our Team
    TERMS
    • Privacy Policy
    • Cookie Policy
    • Terms of Use
    Facebook X (Twitter) Instagram YouTube LinkedIn

    Type above and press Enter to search. Press Esc to cancel.