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Storspeed
Nordic data center services for AI infrastructure
About Storspeed
Storspeed operates and provides consultancy for data center services located in the Nordic Arctic region, focusing on the growing AI market. The company leverages the region's natural advantages, including 100% renewable hydropower, free air cooling, and low energy prices, to offer sustainable and cost-effective solutions. Storspeed is developing multiple data center projects across Norway, Sweden, and Denmark, with significant capacity under construction for 2025 to house AI infrastructure.
The company's services include co-location and cloud services powered by renewable energy. Their facilities are designed with high levels of security, featuring physical barriers, alarms, and access control. Storspeed ensures operational continuity through redundant power and 2N redundant cooling systems, taking advantage of the cold climate to minimize environmental impact. Furthermore, they prioritize the reuse of waste heat. For clients requiring disaster recovery solutions, Storspeed offers redundant IT operations and storage across multiple data center locations. The sites are carrier-neutral, providing connections to several independent telecom providers.
Previously, an Austin-based company named Storspeed Inc., founded in 2007 by Mark Cree and Greg Dahl, developed hardware-accelerated storage caching appliances like the SP5000. This entity, which focused on accelerating NFS and CIFS packet traffic for backend file storage arrays, appears to be defunct. The current Storspeed entity is focused on data center infrastructure in the Nordics.
Source: Dealroom company dataKnowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES A✓Equity / VC | Jun 2007 | $13M | $52M | Vesbridge Partners · Covera Ventures · El Dorado Ventures · Palomar Ventures | — |
Growth signals
Latest recorded traffic for Storspeed is 0 monthly website visits. Storspeed's team grew 0% over the past year.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A4 investors entered at this stage
- VPVesbridge Partners
Covera Ventures- EVEl Dorado Ventures
- PVPalomar Ventures
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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