evroc reveals plans to build Europe’s first sovereign hyperscale cloud

Author: Isha Jain

evroc has presented its plans to build Europe’s first secure, sovereign, and sustainable hyperscale cloud. It recently closed a seed funding round to build its launch team. The company now plans to raise and invest three billion euros over the next couple of years to develop and operate two hyperscale data centres, one in Northern Europe and one in Southern Europe. By 2028, it aims to establish eight hyperscale data centres, as well as three software development hubs, across the continent, employing over 3,000 people in total.

“The lack of home-grown hyperscale cloud providers poses a serious challenge for Europe. Not only because our citizens’ data is placed under foreign ownership by companies operating under laws that conflict with European privacy legislation. It is also a real threat to our long-term competitiveness in a digital world where others are advancing much faster. Europe’s digital economy must be built on a European foundation,” says Mattias Åström, Founder and CEO, evroc.

Cloud services play a key role in critical digital infrastructure. Between 2017 and 2022, the European cloud market grew five-fold. During the same time, the market share of European cloud players fell from 27% to 13%.

A competitive European hyperscale cloud is critical to enable the continent’s digital economy, keeping investments, job creation, technology development and intellectual property rights within its borders. It will also give Europe digital sovereignty that is compliant with European privacy legislation, settling a long-standing problem.

“evroc has spotted an exciting opportunity to make Europe a leader in cloud technologies by bringing together the continent’s brightest minds, ambitious thinkers, and experienced entrepreneurs. We believe the next generation of European tech companies will be built on evroc’s cloud services,” says Ted Persson, Partner at EQT Ventures.

Data centres until now have had a significant environmental footprint, consuming about 3% of the global electricity supply, and accounting for 2% of global greenhouse gas emissions. evroc will build a clean cloud by leveraging energy-efficient technologies to maximise its sustainability impact, including a proprietary eco load balancer solution. The eco load balancer enables data to flow seamlessly and securely between evroc’s data centres based on where renewable energy is most readily available and affordable.

“The data centre industry is on par with the airline industry in terms of greenhouse gas emissions. Data processing will continue to grow substantially over the coming decades, causing significant emissions and damage to our climate, unless we change direction. evroc’s holistic strategy for clean energy usage, combined with the implementation of state-of-the-art energy efficiency technology, could set the standard for the entire industry,” says Tove Larsson, Partner at Norrsken VC.