STOCKHOLM, June 6 (Reuters) - Swedish startup evroc, which is backed by EQT Ventures and Norrsken VC, plans to raise and invest 3 billion euros ($3.2 billion) over the next couple of years to start operating two "hyperscale" data centres.
Led by serial entrepreneur Mattias Åström, evroc plans to keep the data within Europe.
It has raised a seed round, and plans to build eight hyperscale data centres by 2028, three software development hubs and employ over 3,000 people.
It will use a technique called "eco load balancer" which will move data processing between evroc's data centres based on where renewable energy is most readily available and affordable.
"When there is sunshine in Spain, we move data processing to Spain; when there's wind in the Netherlands, we move data processing there," Åström said.
Persons:
Mattias Åström, Åström, Supantha Mukherjee, Hugh Lawson
Organizations:
EQT Ventures, Norrsken, Reuters, Thomson
Locations:
STOCKHOLM, Europe, Spain, Netherlands, Sweden, Northvolt, Stockholm