Innovation, Startups and Venture Capital in Iceland

Verne Global raises $27m to expand its Icelandic data center campus

Verne Global, a provider of advanced data center solutions for high-performance computing (HPC), recently announced a new round of funding of $27m to expand its Icelandic data center campus. All current investors – the Wellcome Trust, Novator Partners, Stefnir, and General Catalyst – participated in the round.

“The funding expands the enterprise capacity of Verne Global’s high-performance computing solutions. Customers across financial services, engineering, scientific research, and other industries are turning to Verne Global for their power intensive HPC workloads and extreme algorithmic AI compute needs,” a statement reads on the companies website reads.

“We are excited about this expansion as it is driven by strong demand from both existing and potential customers for high-performance computing solutions. Our customers grow their compute requirements with us because they are able to operate more effectively with us than anywhere else.” Dominic Ward, Chief Executive Officer for Verne Global says. “In addition, the HPC expertise we’ve been able to cultivate allows us to provide an exceptional level of customer service for the unique characteristics and requirements of HPC projects.”

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