Verda Cloud to Expand GPU Infrastructure in Finland With Nordic Investment Bank Financing

Image: Verda Cloud Oy

(IN BRIEF) The Nordic Investment Bank has signed a four-year €22 million InvestEU-backed loan with Finnish cloud services company Verda Cloud Oy. The financing will support the acquisition of GPUs, networking equipment and storage infrastructure, enabling the company to expand high-performance computing capacity in data centres primarily located in Finland. The project supports the development of European digital infrastructure and strengthens the role of an EU-based cloud service provider. The expanded capacity is intended to meet growing demand for computing power, especially from artificial intelligence and data-driven applications. The loan is backed by the InvestEU programme under NIB’s Framework Operation Connectivity, Data Infrastructure & Digital Technologies. Verda Cloud said the financing will help it provide AI teams with faster access to scalable high-performance computing resources.

(PRESS RELEASE) HELSINKI, 10-Jul-2026 — /EuropaWire/ —  The Nordic Investment Bank has signed a four-year €22 million InvestEU-backed loan agreement with Verda Cloud Oy to support investment in high-performance cloud computing infrastructure.

The financing will be used to acquire graphics processing units, networking equipment and storage systems. These investments will enable Verda Cloud to develop new servers with high-performance computing capacity, primarily deployed in data centres in Finland.

The loan is supported by the InvestEU programme under NIB’s Framework Operation Connectivity, Data Infrastructure & Digital Technologies. The project is intended to strengthen European digital infrastructure and support the growth of an EU-based cloud service provider.

The additional computing capacity will help meet rising demand for high-performance infrastructure, particularly from customers working with artificial intelligence and data-driven applications.

Ruben Bryon, Founder and Chief Executive Officer of Verda Cloud, said AI is increasingly becoming critical infrastructure and that the financing will help the company scale its capacity.

“AI is becoming critical infrastructure,” said Bryon. “With the support of NIB and our other financing partners, we can expand our capacity and keep serving AI teams with instant access to high-performance computing at scale.”

Jeanette Vitasp, Vice-President and Head of Lending at NIB, said access to high-performance computing is becoming increasingly important for innovation and competitiveness.

“By supporting the expansion of cloud infrastructure in Finland, NIB is contributing to strengthening digital capacity in Europe,” said Vitasp.

Verda Cloud Oy is a Finnish company providing cloud-based access to high-performance computing resources. The company invests in GPU infrastructure and offers flexible computing capacity for customers developing and deploying advanced applications.

The InvestEU programme provides long-term funding across the European Union by mobilising private and public investment. It is designed to trigger more than €372 billion in investment for EU policy priorities, including the European Green Deal, digital transition and support for small and medium-sized enterprises. NIB has been an InvestEU implementing partner since December 2022.

NIB is the international financial institution of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. Headquartered in Helsinki, with a regional hub in Riga, the Bank finances projects that improve productivity and benefit the environment across the Nordic-Baltic region.

NIB holds the highest possible credit rating, AAA/Aaa, from S&P Global Ratings and Moody’s.

NIB is the international financial institution of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. The Bank finances projects that improve productivity and benefit the environment of the Nordic-Baltic region. The Bank is headquartered in Helsinki with a regional hub in Riga. NIB has the highest possible credit rating, AAA/Aaa, with S&P Global Ratings and Moody’s.

Media Contact:

Mikael Ahlers, Senior Banker, +358 10 618 0386, mikael.ahlers@nib.int

Arild Moen, Associate Director, External Communications Lead, +358 10 618 0496, arild.moen@nib.int

SOURCE: Nordic Investment Bank