Close Menu
TechBrunchTechBrunch
  • Home
  • AI
  • Apps
  • Crypto
  • Security
  • Startups
  • TechCrunch
  • Venture

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

TC Session: AI Trivi Account Down – Next Shot in Big

May 31, 2025

Google quietly released an app that allows you to download and run AI models locally

May 31, 2025

The counted conversation begins in 5 days in a TC session: ai

May 31, 2025
Facebook X (Twitter) Instagram
TechBrunchTechBrunch
  • Home
  • AI

    OpenAI seeks to extend human lifespans with the help of longevity startups

    January 17, 2025

    Farewell to the $200 million woolly mammoth and TikTok

    January 17, 2025

    Nord Security founder launches Nexos.ai to help enterprises move AI projects from pilot to production

    January 17, 2025

    Data proves it remains difficult for startups to raise capital, even though VCs invested $75 billion in the fourth quarter

    January 16, 2025

    Apple suspends AI notification summaries for news after generating false alerts

    January 16, 2025
  • Apps

    Google quietly released an app that allows you to download and run AI models locally

    May 31, 2025

    A guide to using editing, Meta's new Capcut Rival for Short-Form video editing

    May 31, 2025

    Automattic says it will start contributing to WordPress again after pause

    May 30, 2025

    The last day to vote to destroy the 2025 agenda lineup

    May 30, 2025

    6 days left: Ready for the truth about unfiltered AI in TC sessions: AI?

    May 30, 2025
  • Crypto

    GameStop bought $500 million in Bitcoin

    May 28, 2025

    Vote for the session you want to watch in 2025

    May 26, 2025

    Save $900 + 90% from 2 tickets to destroy 2025 in the last 24 hours

    May 25, 2025

    Only 3 days left to save up to $900 to destroy the 2025 pass

    May 23, 2025

    Starting from up to $900 from Ticep, 90% off +1 in 2025

    May 22, 2025
  • Security

    8 things we learned from WhatsApp vs. NSO Group Spyware Litigation

    May 30, 2025

    White House investigates how Trump's chief staff's phone was hacked

    May 30, 2025

    US government sanctions technology company involved in cyber fraud

    May 29, 2025

    Ten years later, the bootstrap Thinkst Canary will reach $20 million ARR without VC funding

    May 29, 2025

    Security Startup Horizon3.AI raises $100 million in new rounds

    May 28, 2025
  • Startups

    7 days left: Founders and VCs save over $300 on all stage passes

    March 24, 2025

    AI chip startup Furiosaai reportedly rejecting $800 million acquisition offer from Meta

    March 24, 2025

    20 Hottest Open Source Startups of 2024

    March 22, 2025

    Andrill may build a weapons factory in the UK

    March 21, 2025

    Startup Weekly: Wiz bets paid off at M&A Rich Week

    March 21, 2025
  • TechCrunch

    OpenSea takes a long-term view with a focus on UX despite NFT sales remaining low

    February 8, 2024

    AI will save software companies' growth dreams

    February 8, 2024

    B2B and B2C are not about who buys, but how you sell

    February 5, 2024

    It's time for venture capital to break away from fast fashion

    February 3, 2024

    a16z's Chris Dixon believes it's time to focus on blockchain use cases rather than speculation

    February 2, 2024
  • Venture

    TC Session: AI Trivi Account Down – Next Shot in Big

    May 31, 2025

    The counted conversation begins in 5 days in a TC session: ai

    May 31, 2025

    TC Session: AI Trivi Account Down – Test your AI Knowledge

    May 30, 2025

    Most of the exhibit tables left to make a claim at TC at every stage | TechCrunch

    May 30, 2025

    7 days until doors open during session: ai

    May 29, 2025
TechBrunchTechBrunch

In search of a sovereign EU technology stack, EVROC raises $55 million to build a hyperscale cloud in Europe

TechBrunchBy TechBrunchMarch 20, 20255 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
Share
Facebook Twitter LinkedIn Pinterest Telegram Email


The Swedish startup, which is aiming to build a hyperscale cloud company in Europe, has raised 50.6 million euros ($55 million) in Series A funding. Evroc says it lays the foundation for a “safe, sovereign and sustainable hyperscale cloud to rethink Europe's digital future,” as it is called.

The announcement comes amid an increase in calls to create a European tech stack independent of the US tech companies and the changing political landscape. Just this week, a coalition from across the European tech industry sought “radical action” from lawmakers to reduce local reliance on foreign-owned digital infrastructure, pushing for homemade alternatives to the full scope of apps, AI models, chips and cloud services.

Evroc aims to capitalize on this momentum. The company three years ago plans to build a data center and various cloud services. At its launch in 2023, EVROC outlined plans to set up eight data centers by 2028. Today, it states that there are two colocation facilities in Stockholm and two colocation facilities in Paris.

By the end of the second quarter of this year, the company expects two additional facilities to operate in Frankfurt, with work already in progress at Sweden and France's first flagship data centres expected to complete AI workloads as the main focus in 2026.

“They are [….] It is designed for the energy density required for AI. Racks can consume 20 times more than traditional server racks,” Evroc CEO and founder Mattias Åström (pictured above) told TechCrunch.

The official launch of EVROC is scheduled for later this year, adding that ÅStröm is already working with early beta customers in industries that need “highly sovereign needs” such as defense, the public sector, healthcare and financial services. He also hinted at additional data centers coming next year, but the company is not ready to check the details.

Digital Rights

The European digital sovereignty agenda is nothing new. In fact, most US tech giants have already invested in their local infrastructure to ensure compliance with EU data residency regulations. Ai Darling Openai recently announced a new product that allows customers to process and store data in Europe.

However, with increasing geopolitical tensions, ÅStröm argues that control of European infrastructure is important, not just a server location.

For example, Donald Trump last month signed an executive order recognizing economic sanctions against the Dutch International Criminal Court (ICC), accusing them of “illegal and unfounded behaviour” against the United States and Israel. These sanctions affect the way tech companies provide services to their organizations. The Guardian Report shows that ICC relies heavily on Microsoft's Azure cloud to store data.

Elsewhere, Elon Musk, now a central figure in the US government's business, has previously allowed Ukraine to coordinate access to Starlink satellites run by his company SpaceX. Recently, he claimed that if the entire Ukraine frontline chooses to turn it off, it would collapse. Musk later retreated, but the incident further reminded us of the importance of infrastructure independence. It is also why the EU is moving forward with its own plans for its sovereign satellite constellations comparable to Starlink.

“I simply want Europe to control its own destiny,” Åström said. “And try and make something better while we work on it.”

Geopolitical disruption aside, the AI ​​revolution means that organizations that previously relied on on-premises infrastructure should consider the cloud taking full advantage of AI.

Several European startups have already built cloud infrastructure in Europe. These include French Flex, Finnish Data Ranch, and Nebius in the Netherlands. This is an entity that was born from the ashes of Yandex last year.

However, while many of these players focus on AI computing, EVROC aims to build a wide range of developer-friendly hyperscale clouds that resemble AWS and its likes.

The majority of EVROC's 60+ employees focus on software development, spreading across France's Sweden, and the UK hub noted that the London hub was originally not planned, but was needed to attract top talent from major technology companies.

“I'm actually very excited about the London office. It wasn't part of the original plan, but it was the right decision to get very smart people working for hyperschools,” Åström said.

Show me the money

When EVROC was launched by Stealth two years ago with 13 million euros of funds, ÅStröm told TechCrunch it plans to raise as much as 3 billion euros within a few years. By August last year, news had been broken that EVROC had raised 42 million euros as part of Series A, and now the round has ended 50.6 million euros with investments from US-European ventures Blisce, EQT Ventures, Norrsken VC and Giant Ventures.

However, they do not escape the elephant in their rooms. To build something close to what Hyperscalar has built, you need a near-bottomed cash hole.

“Even so, the key here is [first] Get that software stack,” continued ÅStröm. “There are many data centers in Europe, but there is no cloud in reality. This equity round really helps you build a software stack.”

The company plans to raise significantly more capital in the second half of 2025 following a similar funding model to other cloud infrastructure players such as CoreWeave, which grew its footprint by borrowing collateral such as Nvidia chips.

“Building a data center requires a lot of additional investment, but the good news is that you can raise funds from debt,” Åström said.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

7 days left: Founders and VCs save over $300 on all stage passes

March 24, 2025

AI chip startup Furiosaai reportedly rejecting $800 million acquisition offer from Meta

March 24, 2025

20 Hottest Open Source Startups of 2024

March 22, 2025

Andrill may build a weapons factory in the UK

March 21, 2025

Startup Weekly: Wiz bets paid off at M&A Rich Week

March 21, 2025

Wayve CEO shares his key elements for scaling autonomous driving technology

March 21, 2025

Leave A Reply Cancel Reply

Top Reviews
Editors Picks

7 days left: Founders and VCs save over $300 on all stage passes

March 24, 2025

AI chip startup Furiosaai reportedly rejecting $800 million acquisition offer from Meta

March 24, 2025

20 Hottest Open Source Startups of 2024

March 22, 2025

Andrill may build a weapons factory in the UK

March 21, 2025
About Us
About Us

Welcome to Tech Brunch, your go-to destination for cutting-edge insights, news, and analysis in the fields of Artificial Intelligence (AI), Cryptocurrency, Technology, and Startups. At Tech Brunch, we are passionate about exploring the latest trends, innovations, and developments shaping the future of these dynamic industries.

Our Picks

TC Session: AI Trivi Account Down – Next Shot in Big

May 31, 2025

Google quietly released an app that allows you to download and run AI models locally

May 31, 2025

The counted conversation begins in 5 days in a TC session: ai

May 31, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

© 2025 TechBrunch. Designed by TechBrunch.
  • Home
  • About Tech Brunch
  • Advertise with Tech Brunch
  • Contact us
  • DMCA Notice
  • Privacy Policy
  • Terms of Use

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