Swedish startup Evroc has secured €50.6 million ($55 million) in Series A funding to establish a hyperscale cloud infrastructure in Europe, positioning itself as a secure, sovereign, and sustainable alternative to existing global cloud providers.
The announcement comes when Europe is pushing for greater digital independence, reducing reliance on U.S.-based tech giants. A coalition of European tech industry leaders called on lawmakers to take “radical action” to strengthen the region’s technological self-sufficiency, advocating for locally developed AI models, chips, cloud services, and applications.
Founded in 2023, Evroc is strategically tapping into this momentum. The company plans to construct multiple data centers and develop a comprehensive suite of cloud services. Initially, Evroc aimed to build eight data centers by 2028. The startup operates two co-location facilities in Stockholm and another two in Paris. By the end of Q2 2025, it expects to have two additional data centers in Frankfurt, with ongoing development of its first flagship data centers in Sweden and France, set to be operational by 2026.
Evroc CEO and Founder, Mattias Åström.
According to Evroc CEO and founder Mattias Åström, these flagship facilities are designed to accommodate high-energy AI workloads, consuming up to 20 times more power per rack than traditional server racks. He noted that both sites will be equipped with liquid cooling systems and will support compute and storage services, optimizing performance for AI-driven applications.
Evroc plans to officially launch later in 2025, but it has already started onboarding beta customers in industries with strict sovereignty requirements, including defense, public sector, healthcare, and financial services. Åström also hinted that additional data centers are in the pipeline for next year, though specific locations have yet to be confirmed.
The Push for Digital Sovereignty in Europe
The idea of European digital sovereignty is not new, but the push for local alternatives has gained urgency in recent years. In response, U.S. tech giants have been investing heavily in European data centers to comply with EU data residency regulations. Even OpenAI recently launched a new service that enables customers to process and store data within Europe, highlighting the growing demand for localized cloud solutions.
With Evroc’s expansion, Europe could move closer to achieving true technological independence, reducing dependence on foreign cloud providers while fostering innovation and security in the region’s digital ecosystem.
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