Swedish cloud infrastructure startup Evroc AB has raised €50.6 million in a Series B funding round to accelerate the expansion of its data center network across Europe. The round was led by blisce/, with participation from Giant Ventures, EQT Ventures, and Norrsken VC.
Founded in 2023, Evroc aims to build a sovereign, secure, and sustainable cloud platform to compete with major public cloud providers. Its Infrastructure-as-a-Service (IaaS) platform is powered by EU-based data centers, ensuring compliance with the region’s stringent data protection regulations.
A Sustainable and AI-Ready Cloud
Evroc is committed to creating the world’s cleanest cloud by implementing eco load balancing, which shifts workloads to locations where renewable energy is most abundant. Additionally, the company plans to build data centers in areas with natural cooling, reducing overall energy consumption.
To support the growing demand for AI workloads, Evroc will equip its facilities with high-performance GPUs and offer serverless computing solutions to developers.
Expansion Plans: AI Factories in France and Sweden
Currently operating from two co-location facilities in Stockholm, Evroc will use the fresh funding to develop new AI-focused data centers, starting with an “AI factory” near Cannes, France, set to launch later this year with a capacity for 50,000 GPUs. The facility will consume up to 96 megawatts of power.
In addition, Evroc is securing two more data center sites in France, each with a planned capacity of over 100 megawatts. In Sweden, the company is constructing another AI data center in Arlandastad, with space for 16,000 GPUs, scheduled to go live in 2026.
Future Investments and Expansion Goals
Evroc is preparing for additional funding rounds this year to finance its €4 billion Cannes data center project and the €600 million Arlandastad facility. The company ultimately plans to operate eight data centers across the European Union, reinforcing its mission to drive job creation, economic growth, and technological sovereignty within the EU.