Buildry (EDC), a Swedish company that manufactures environmentally friendly data centers used by major computer providers to handle their AI traffic increased nearly half a billion-$ 478 million dollars (450 million euros) to be accurately waiting for more demand.
The funding of shares, which comes from a group of anonymous institutional investors, will be used to continue developing new technologies for more “green” data centers and build these structures.
The news comes just two days after one of EDC’s most important customers, the AI giant coreweave computing, Deposited for ipo in the United States.
EDC has now increased € 910 million ($ 966 million) to shares to date. Areim, the portfolio company that holds it, refused to say what the company’s valuation is. The company has confirmed that EDC’s withdrawal is not on the cards.
“We are focused on escalating ecodatacenter and providing long -term value, backed by the strong support of our investors,” said Robert Björk, investment director for Areim and Board member Ecodatacenter. “While we are constantly evaluating strategic opportunities for the company, including possible future funding options, an iPo is not something we are actively seeking at this stage.”
The focus of the ecodatacenter was the construction of data centers, in particular, the cooperation sites where customers bring some or all of their own servers and the relevant material-which are more sustainable. Is a timely effort: research from International energy organization He has shown how hungry large data centers can be.
IEA has found that these data centers have a power requirements of 100 MW or more, “with annual electricity consumption equivalent to electricity demand of approximately 350,000 to 400,000 electric cars”. The IEA also estimates that the data centers collectively account for 1% of all global electricity consumption.
In this context, EDC is remarkable not only to help satisfy the seemingly insatiable demand for computing capacity, but also for trying to do so in an environmentally friendly way-the one that now affects others.
“We were the first company in the world to start building on what is called cross -timber,” EDC Managing Director Peter Micelson said in an interview. “Now Microsoft is following.”
EDC also uses renewable energy to supply its buildings and continues to work in new approaches and materials for more effective cooling and functions.
Other ecodatacenter customers include Deepl and “ultrasound”. The latest companies create their own data centers, but they also load balance by taking space to those made by third parties, such as EDC.
Although it has several clients extending out of technology, such as BMW, EDC is perhaps better known as Coreweave’s partner. Is also the prominent hosting provider for a plan In collaboration with Coreweave and Nvidia to build the first Blackwell cluster in Europe, in the Swedish city of Falun, designed to bring more skill to Europe.
The size of the EDC capital collection emphasizes how valuable data centers-especially collaboration centers that compensate for high CAPEX costs for its customers-have been made in the current AI advertising campaign.
This is a global increase. Specifically, the US in January announced Stargate, a $ 500 billion project that the US started with support from Openai, Softbank and others to build MEGA AI. (The plan is only that at this point: It was announced days after Trump was taken, it served to lead home an idealized image of the new administration as not only technology -friendly, but aggressively.)
“There is a lot of infrastructure -type initiative that floods the data center, as it is the real estate infrastructure that is now becoming more technological oriented,” Michelson said.
This immovable anchor could offer an indication of how today’s administration and especially President Trump – whose professional life began in real estate – was sold with their own great database.
