Gongratulations to the team! Their solutions not only allow the data to actually stay in the EU, but are otherwise competetive as well!
Verda is great! The only thing bad about Verda is that it's sold out fairly often :-) So the $189M will hopefully help with that.
Sincere congrats to the Verda team :-)<p>Can someone please help me understand what their competitive advantage is, versus the likes of AWS / Azure et al, who are also available in the EU.<p>I love a good underdog story, but I'm not understanding the economics of it.
There are several regulated industries that need to have their computing done in the EU without ties to US companies. Sovereignty is currently a big political topic.
Cloud Act: The CLOUD Act (Clarifying Lawful Overseas Use of Data Act) is a U.S. federal law passed in 2018 that allows U.S. law enforcement to compel U.S.-based tech and cloud companies to hand over customer data, even if that data is stored on servers located outside the United States
The data sovereignty stuff is mostly just lip-service. Both the EU and Canada are in the process of negotiating reciprocal CLOUD Act arrangements with the US government similar to what UK and Australia already have in place.<p>> EU-US agreement [1]<p>> Negotiations with the United States to facilitate cross-border access to e-evidence for judicial cooperation in criminal matters started in September 2019 and are currently ongoing. At present, US-based service providers collaborate with European law enforcement authorities through direct cooperation on a voluntary basis or through mutual legal assistance (MLA) procedures.<p>[1] <a href="https://www.consilium.europa.eu/en/policies/e-evidence/" rel="nofollow">https://www.consilium.europa.eu/en/policies/e-evidence/</a>
They ain’t Americans.
Them putting services in EU (even as subsidiaries) is just a marketing strategy where they are straight up lying to customers so they can get more money.<p>See <a href="https://en.wikipedia.org/wiki/CLOUD_Act" rel="nofollow">https://en.wikipedia.org/wiki/CLOUD_Act</a>
Excellent news for European tech stack - congrats!
Yeah the sold out bit is telling, and it's rarely the cards, it's finding racks with enough power and cooling ready to take them.
AI cloud? I guess 189 mil will buy nvidia GPUs to host inference for Chinese models for Europeans? Is that what this is?
This is wonderful, congrats to everyone at Verda!
Very good dev experience! Congrats
yet another ai cloud
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$198M for AI Cloud when US has a company that pays one of it's employees about that?