Amid calls for sovereign EU tech stack, Evroc raises $55M to build a hyperscale cloud in Europe

A Swedish startup that aims to build a super cloud company in Europe has collected 50.6 million euros ($ 55 million) in financing from the AVROC series, as it is called, it lay the foundations for “a safe, sustainable and sustainable cloud to re -visualize the digital future of Europe.”

This advertisement comes amid increasing calls to create a European technology staple, one independent of American technology companies and the changing political scene. Only this week, a coalition from all over the technology industry in Europe called for “radical action” from legislators to reduce the region’s dependence on foreign infrastructure owned by foreigners, and to pressure local alternatives to applications, artificial intelligence models, potatoes and a full firm cloud of cloud services.

Evroc aims to benefit from this momentum. The three -year -old company plans to build data centers and a group of cloud services. At its launch in 2023, EvROC has set plans to create eight data centers by 2028. It says today, it has two facilities for the subscriber of Stockholm and two others in Paris.

By the end of the second quarter of this year, the company expects two additional facilities in Frankfurt, with the already ongoing work in the first leading data centers in Sweden and France, which is scheduled to be completed in 2026 with the burden of Amnesty International’s work as a basic axis.

“they [….] “It has been designed for the energy density required for AI, where shelves can consume 20 times what the traditional server shelf can do,” said the CEO of EvROC and its founder Mattias åström (in the image above).

The official EVROC is scheduled to later later this year, with the addition of åström that it already works with early Beta customers in industries that require a “great need for sovereignty”, including defense, public sector, health care and financial services. It also alluded to additional data centers next year, although the company is not ready to confirm the details.

Digital sovereignty

The digital sovereignty in Europe is not new. In fact, most technology giants in the United States are investing in the local infrastructure to ensure compliance with European Union data residence systems. AI Darling Openai recently revealed a new offer that allows customers to process and store data in Europe.

But with the high geopolitical tensions, åström argues that controlling infrastructure issues in Europe is more than just server sites.

For example, Donald Trump last month signed an executive that allows economic sanctions against the International Criminal Court (ICC) in the Netherlands, accusing “illegal and baseless acts” against the United States and Israel. These sanctions affect how technology companies can serve institutions, as the trustee report indicates that the International Criminal Court relies heavily on Microsoft Azure Cloud to store data.

Elsewhere, Elon Musk – who is now a central figure in US government operations – has previously recognized the dismantling of Ukrainian access to Starlink Swatil, run by his company Spacex. Recently, he claimed that the entire front line in Ukraine would collapse if he chose to turn it off. Although Musk fell later, the accident was another reminder of the importance of infrastructure independence. This is also why the European Union is submitting plans for a special satellite constellation to compete with Starlink.

“I want to simply control Europe.” “And while we are in it, try to build something better.”

As well as geopolitical disorders, the revolution of artificial intelligence means that organizations previously rely on local infrastructure should now consider the cloud to take full advantage of artificial intelligence.

Many European startups are already building cloud infrastructure in Europe, including Flexai in France, Finland Datacrunch, and Nebius in the Netherlands – an entity that came out of Yandex ashes last year.

However, while many of these players focus on computing artificial intelligence, Evroc aims to build a very friendly cloud for developers that resemble AWS and its likes.

The largest part of the 60 EvROC employees focuses on the development of software, and spreads in Sweden and France, and the UK indicated that the London Center was not originally planned but it has become necessary to attract higher talents from major technology companies.

“I am very enthusiastic about our office in London – this was not part of the initial plan, but in order to get very smart people working for the superinners, this was the right decision.”

Show me money

When EVROC fired from the ghost two years ago at 13 million euros of financing, he told åström techcrunch that he intends to collect up to 3 billion euros of capital within two years. By August last year, the news broke out that Efok collected 42 million euros as part of the A series A, and now the tour was closed with 50.6 million euros with investments from the American and European Projects Company Blison, EQT Ventures, NorrsKen VC and GIANT VENTERES.

There is no elephant escape in the room. Building anything close to what they had with their people with a hole is close to the money-is Evro still planning to collect billions?

“This is still the case, but the key is here [first] “Get this strategy of programs,” continued åström. “Europe has a lot of databases, but we do not have this cloud. This stock tour really helps us build a masterpiece.”

The company plans to collect capital later in 2025, following a similar financing model for other cloud infrastructure players such as Coreweave, which has grown by borrowing against guarantees such as NVIDIA Chips.

“The construction of data centers will require a lot of additional investment, but good news is that you can finance it with debts,” said åström.