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Cloud infrastructure startup Evroc raises €50.6M to build new data centers - SiliconANGLE

Mar 20, 2025 - siliconangle.com
Evroc AB, a Swedish cloud infrastructure startup, has raised €50.6 million in a Series B funding round led by blisce/, with participation from Giant Ventures, EQT Ventures, and Norrsken VC. The company, founded in 2023, aims to build a secure, sovereign, and sustainable cloud and AI platform for Europe, focusing on compliance with EU data protection regulations. Evroc plans to achieve sustainability by implementing eco load balancing and building data centers in locations with natural cooling opportunities. The startup currently operates two co-location facilities in Stockholm and plans to expand its network with new data centers, including an "AI factory" near Cannes, France, and another facility in Arlandastad, Sweden.

The Cannes facility is expected to come online later this year with a capacity for up to 50,000 GPUs and will use up to 96 megawatts of power. Evroc also plans to secure two additional data center sites in France, each with more than 100 megawatts of capacity. The Arlandastad facility, expected to be operational in the second half of 2026, will accommodate up to 16,000 graphics cards. Evroc aims to operate eight data centers in the EU and plans to raise more funding this year to support its infrastructure investments, with projected costs of €4 billion for the Cannes data center and €600 million for the Arlandastad facility.

Key takeaways:

  • Evroc AB, a Swedish cloud infrastructure startup, raised €50.6 million in a Series B round to expand its data center network in the EU.
  • The company aims to build a secure, sovereign, and sustainable cloud platform, implementing eco load balancing and natural cooling to achieve the world's cleanest cloud.
  • Evroc plans to build an "AI factory" in France with a capacity for up to 50,000 GPUs and two additional data centers in France with over 100 megawatts of capacity each.
  • The company intends to raise more funding to finance its infrastructure investments, with plans to spend up to €4 billion on the Cannes data center and €600 million on the Arlandastad facility.
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