Evroc AB, a Swedish cloud infrastructure startup, today announced that it has raised €50.6 million to grow its data center network.

The Series B round was led by blisce/, a venture capital firm with offices in the U.S. and Paris. Giant Ventures, EQT Ventures and Norrsken VC participated as well.

Evroc launched in 2023 to build an infrastructure-as-a-service platform that can compete with the major public clouds. The platform is powered by data centers located in the European Union. As a result, it can host workloads that must be stored within the EU to comply with the bloc’s data protection regulations.

“We aim to build a secure, sovereign and sustainable cloud and AI platform for Europe, and thereby empowering the next generation of EU startups, fueling job creation and driving economic growth,” said Evroc founder and Chief Executive Officer Mattias Åström.

Evroc says its platform will be the world’s cleanest cloud when it becomes fully operational. The company is taking several steps to achieve that goal.

According to TechCrunch, Evroc’s platform will implement a sustainability best practice called eco load balancing. It involves shifting customer workloads to the data centers where renewable energy is most readily available. For added measure, Everoc plans to build some data centers at locations with “opportunities for natural cooling” to reduce their power usage.

The company will equip its facilities with graphics processing units to support artificial intelligence workloads. For developers, Evroc plans to offer serverless features. Serverless computing is an approach to providing cloud services that automates hardware management tasks for users and reduces the amount of custom code they must write.

Evroc currently provides cloud services from two co-location facilities in Stockholm. The company will use the funding round announced today to build additional data centers, starting with an “AI factory” north of Cannes, France. The facility is expected to come online later this year with capacity for up to 50,000 GPUs.

The planned data center is expected to use up to 96 megawatts of power. One megawatt corresponds to the electricity consumption of several hundred households. Later this year, Evroc plans to secure two additional data center sites in France that will each have more than 100 megawatts of capacity. 

The company is also building an AI data center (pictured) in Arlandastad, Sweden that will have room for up to 16,000 graphics cards. The facility is expected to come online in the second half of 2026. Evroc eventually hopes to operate eight data centers in the EU.

TechCrunch reported that the company will raise more funding this year to finance its infrastructure investments. It plans to spend as much as €4 billion on the data center that it’s building near Cannes, while the Arlandastad facility is expected to cost €600 million.

Image: Evroc