Evroc Secures $55M to Build Europe’s First Sovereign Hyperscale Cloud
Swedish startup Evroc raises $55M to develop a sovereign, AI-focused hyperscale cloud in Europe, reducing reliance on U.S. tech giants.
Matilda
Evroc Secures $55M to Build Europe’s First Sovereign Hyperscale Cloud
A Swedish startup aiming to build a hyperscale cloud company in Europe has raised €50.6 million ($55 million) in Series A funding. Evroc, as it’s called, says it’s laying the foundations for a “secure, sovereign and sustainable hyperscale cloud to reimagine the digital future of Europe.” Image:Google The announcement comes amid growing calls to create a European tech stack, one independent of U.S. tech firms and the shifting political landscape. Just this week, a coalition from across Europe’s tech industry called for “radical action” from lawmakers to reduce the region’s reliance on foreign-owned digital infrastructure, pushing for homegrown alternatives to apps, AI models, chips and the full gamut of cloud services. Evroc aims to capitalize on this momentum. The three-year-old company plans to build data centers and an array of cloud services. At its launch in 2023, Evroc outlined plans to establish eight data centers by 2028. Today, it says it has two co-location facilities in Stockh…
