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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. Zigurd · · focus · HN ↗
      The economics of it are the same as for Hetzner. AWS is trying to split the difference by offering services that are supposedly run exclusively by EU citizens, from data centers located in the EU. The reasoning is pretty solid for at least the next two or three years. It might take another five to restore trust in US tech. Not a bad amount of runway.
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