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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. koonsolo · · focus · HN ↗
      It's a bit sad that the only responses you get is "It's based in EU". If that's the only thing, it's not really impressive is it?

      Don't get me wrong, as a European I'm all for EU, but we should offer products and services that are at least as good as abroad competitors. My company still relies heavily on US tech, for the simple fact that lots of it is plain better and/or cheaper.

      1. Ruben- · · focus · HN ↗
        I entirely agree - and we're not aiming to build the eleventh shitty Eurocloud.

        We aim at building a platform that wins on product first and foremost. Some areas where we are good/great/best in class globally vs. hyperscalers and other neoclouds: - End-to-end automated clusters (great) - GPU VM setup time (best in class) - Confidential Compute on high end GPU infra (great, only one offering this by default afaik) - Kernel development support (best in class) - we have NVIDIA themselves using our platform for kernel development. Some exciting products coming out soon (tm). - Customer support (good/great) Might sound lame but have you tried AWS as a sub 10M revenue customer?

        Working hard on some hard engineering problems which will make this list longer!

        1. asimovDev · · focus · HN ↗
          You should probably say that you are the founder or maybe add that in your profile description so that other people realize you are not just a passionate employee ;) Congratulations to you and everyone at Verda.

          Could you elaborate on your last point about AWS? I am interested in what you mean exactly since a lot of companies in Finland fall under that sub 10M umbrella and use AWS / Azure extensively

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