Verne Global

Verne Global

Providing energy efficient data solutions to businesses. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
€277m (Public information from Sep 2021)
Company register number 06537716
Reykjanesbær Southern Peninsula (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
EUR2015201620172018201920202021
Revenues-1.5m1.3m15.2m16.8m17.1m33.4m
% growth--(12 %)1072 %10 %2 %95 %
EBITDA1.3m1.1m<1m(2.0m)(11.5m)3.4m5.6m
% EBITDA margin-75 %71 %(13 %)(68 %)20 %17 %
Profit<1m<1m(<1m)(6.6m)(16.2m)(4.5m)7.6m
% profit margin-5 %(1 %)(44 %)(96 %)(26 %)23 %
R&D budget-1.0m1.0m20.0m20.0m--
R&D % of revenue-68 %77 %131 %119 %--

Source: Dealroom estimates

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DateInvestorsAmountRound
*

$98.0m

Series D
*

$27.0m

Late VC
*

£231m

Valuation: £231m

16.2x EV/LTM Revenues

82.0x EV/LTM EBITDA

Acquisition
*

$100m

Debt
*

N/A

Buyout
Total Funding€114m

Recent News about Verne Global

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More about Verne Globalinfo icon
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Verne Global specializes in providing high performance computing (HPC) solutions optimized for sustainability and efficiency. The company operates a state-of-the-art data center campus in Iceland, leveraging renewable energy resources to deliver scalable and flexible HPC services. Verne Global serves a diverse range of clients, including scientific researchers, tech companies, and enterprises requiring robust computational power. The business model focuses on offering HPC as a Service (HPCaaS) through its hpcDIRECT solution, which provides fully scalable bare metal services. This allows customers to utilize the full performance of HPC in a secure environment. Verne Global generates revenue by offering these specialized HPC services, which include full life cycle support and significant cost savings for customer workloads. The company stands out in the market for its commitment to sustainability, technical expertise, and customer-centric approach.

Keywords: High Performance Computing, HPCaaS, Renewable Energy, Data Center, Scalability, Flexibility, Cost Savings, Iceland, Bare Metal Service, Technical Expertise.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Verne Global

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Ficolo
ACQUISITION by Verne Global Oct 2022