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§ Private Profile · Stockholm, Stockholms Lan, Sweden
European hyperscale cloud platform offering cloud services for European organizations, focused on data sovereignty.
evroc is a Stockholm, Sweden-based technology company that builds a European hyperscale cloud platform designed to provide strict data sovereignty and privacy compliance for regional organizations. Operating through a subscription-based business model, the organization offers compute, storage, networking, and artificial intelligence infrastructure engineered specifically for sensitive workloads across the defense, government, financial services, and healthcare sectors. Utilizing a high-performance GPU cluster based on NVIDIA Blackwell architecture, the business currently manages two operational facilities in Sweden and France while planning to expand its footprint to 10 hyperscale data centers by 2030. Following its official commercial service launch in August 2025, the enterprise established strategic partner data center locations in major European hubs including Paris and Frankfurt to support enterprise and research clients. The sovereign cloud infrastructure provider was founded in 2022 by serial entrepreneur Mattias Åström.
evroc has raised $83.9M across 3 funding rounds.
evroc has raised $83.9M in total across 3 funding rounds.
evroc has raised $83.9M across 3 funding rounds. Most recently, it raised $56.0M Series A in August 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 1, 2024 | $56M Series A | — | C2 Investment, Cherry Ventures, EQT Ventures, MAX Ventures, Norrsken VC, Union Square Ventures, Jeremy YAP | Announced |
| Jun 5, 2023 | $13.9M Venture Round | — | — | Announced |
| Jun 1, 2023 | $14M Seed | — | C2 Investment, Cherry Ventures, EQT Ventures, MAX Ventures, Norrsken VC, Union Square Ventures, Jeremy YAP | Announced |
evroc has raised $83.9M in total across 3 funding rounds.
evroc's investors include C2 Investment, Cherry Ventures, EQT Ventures, Max Ventures, Norrsken VC, Union Square Ventures, Jeremy Yap.
evroc is a Swedish technology company building the first true European hyperscale cloud, offering compute, storage, networking, and application services optimized for AI workloads, with a strong emphasis on data sovereignty, GDPR compliance, sustainability, and security.[1][2][3][5] Founded in 2022 and headquartered in Stockholm, it serves sectors like defense, public sector, healthcare, financial services, and critical infrastructure that require sovereign cloud infrastructure to avoid reliance on U.S. or Chinese providers.[2][3][4] The company officially launched in 2025 after raising $55M in Series A funding, powering growth with plans for multiple data centers and NVIDIA Blackwell GPU clusters for high-density AI computing.[3][4]
evroc addresses Europe's lack of competitive, home-grown cloud alternatives by delivering a full-stack platform that's developer-friendly, AI-first, and environmentally responsible—using fossil-free energy, liquid cooling, and heat recycling—while keeping data and innovation within EU borders.[2][4][5]
evroc was founded in 2022 by CEO Mattias Åström in Stockholm, Sweden, amid growing concerns over Europe's digital autonomy as the U.S. and China dominated cloud and AI infrastructure.[1][2][3] Åström, a seasoned tech leader, identified the gap: European organizations faced trade-offs between global tech performance and data control, prompting evroc's creation as a sovereign hyperscale alternative.[2][3] The idea gained traction with its 2023 announcement of eight data centers by 2028, evolving into a 2025 Series A raise of €50.6M ($55M) to fund co-location sites in Stockholm, Paris, and Frankfurt, plus flagship builds in Sweden (Arlandastad) and France (Mougins) for 2026.[3][4]
Early milestones include beta testing with sovereignty-focused customers and official launch in 2025, marked by a high-performance NVIDIA GPU cluster rollout. With 60+ employees across Sweden, France, and the U.K. (including a London talent hub), evroc quickly scaled software development to support its hyperscale ambitions.[3][4]
evroc stands out in the cloud market through these key strengths:
evroc rides the wave of EU digital sovereignty demands, accelerated by geopolitical tensions like U.S.-China rivalry and events such as the Trump administration highlighting foreign tech risks.[2][3][4] Timing is ideal post-2025 AI boom, where Europe seeks alternatives to hyperscalers like AWS and Google Cloud amid calls for a "sovereign EU tech stack."[3] Market forces favoring evroc include regulatory pushes for data localization, surging AI compute needs, and sustainability mandates—enabling it to capture value from €100B+ European cloud spend currently locked abroad.[2][3]
By providing a trusted platform, evroc influences the ecosystem: it retains economic value (jobs, IP), boosts startups/researchers, and sparks a "tech renaissance" with 10 data centers planned by 2030, countering Europe's innovation lag.[2][4]
evroc is poised for explosive growth, with debt-financed data center expansions (following CoreWeave's model) and more funding planned for late 2025 to hit 2026 flagship launches and beyond.[3] Trends like AI energy demands, stricter sovereignty regs, and green tech will propel it, potentially evolving into Europe's AWS equivalent while inspiring regional hyperscalers. Its influence could redefine the digital economy, securing autonomy and fueling AI leadership—proving a "better cloud" grounded in European values can compete globally.[2][3][4]