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Verda (Finland) raises $189M in Series B

88 points · 52 comments · cmrdporcupine

  1. herodoturtle · · focus · HN ↗
    Sincere congrats to the Verda team :-)

    Can someone please help me understand what their competitive advantage is, versus the likes of AWS / Azure et al, who are also available in the EU.

    I love a good underdog story, but I'm not understanding the economics of it.

    1. _ink_ · · focus · HN ↗
      Cloud Act: The CLOUD Act (Clarifying Lawful Overseas Use of Data Act) is a U.S. federal law passed in 2018 that allows U.S. law enforcement to compel U.S.-based tech and cloud companies to hand over customer data, even if that data is stored on servers located outside the United States
      1. petcat · · focus · HN ↗
        The data sovereignty stuff is mostly just lip-service. Both the EU and Canada are in the process of negotiating reciprocal CLOUD Act arrangements with the US government similar to what UK and Australia already have in place.

        > EU-US agreement [1]

        > Negotiations with the United States to facilitate cross-border access to e-evidence for judicial cooperation in criminal matters started in September 2019 and are currently ongoing. At present, US-based service providers collaborate with European law enforcement authorities through direct cooperation on a voluntary basis or through mutual legal assistance (MLA) procedures.

        [1] <a href="https:&#x2F;&#x2F;www.consilium.europa.eu&#x2F;en&#x2F;policies&#x2F;e-evidence&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.consilium.europa.eu&#x2F;en&#x2F;policies&#x2F;e-evidence&#x2F;

        1. graemep · · focus · HN ↗
          Verda&#x27;s own website is sitting behind Cloudflare! So is consilium.europa.eu! The dependence is pervasive.
      2. flipped · · focus · HN ↗

        [dead]

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