Verne Global
Financials
Estimates*
EUR | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|---|---|
Revenues | - | 1.5m | 1.3m | 15.2m | 16.8m | 17.1m | 33.4m |
% growth | - | - | (12 %) | 1072 % | 10 % | 2 % | 95 % |
EBITDA | 1.3m | 1.1m | <1m | (2.0m) | (11.5m) | 3.4m | 5.6m |
% 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 | - | 1.0m | 1.0m | 20.0m | 20.0m | - | - |
R&D % of revenue | - | 68 % | 77 % | 131 % | 119 % | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
* | $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 | $125m |
Recent News about Verne Global
EditVerne 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.