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EcoDataCenter Raises Nearly $500 Million in Partnership with CoreWeave for Eco-Friendly AI Facilities
- Written by Andrea Miliani Former Tech News Expert
- Fact-Checked by Sarah Frazier Former Content Manager
The Swedish company EcoDataCenter recently raised €450 million—around $478 million—in equity funding led by its parent company Areim. The new investment will be used to develop and expand its environmentally responsible data services.
In a Rush? Here are the Quick Facts!
- Swedish company EcoDataCenter raised €450M to expand its eco-friendly data services and AI infrastructure.
- The funding, led by parent company Areim, supports growing AI market demands and green data center development.
- EcoDataCenter and CoreWeave plan to build one of Europe’s largest AI clusters in Falun, Sweden.
According to TechCrunch , the new capital anticipates EcoDataCenter’s expansion needs and future demand as the AI market develops. The Swedish firm builds eco-friendly data centers and provides services to major providers to manage AI traffic.
One of its major customers is CoreWeave, an American cloud-computing company backed by Nvidia that recently filed for an IPO in the United States.
According to EcoDataCenter’s official announcement , the company has secured a total of €1.2 billion in funding.
“It is a strong confirmation of our ability to raise capital of this scale. We will continue to drive the market for how digital infrastructure should be built together with our customers,” says Leif Andersson, founder of Areim and Chairman of EcoDataCenter.
The company, founded in 2019, has built new partnerships to boost its leadership in digital infrastructure in Europe, and, along with CoreWeave, it expects to build one of the largest AI clusters in Europe, in the Swedish city of Falun.
“We are establishing one of the most exciting companies in the Nordics,” said Peter Michelson, CEO of EcoDataCenter. “Through our platform, we have established partnerships with some of the world’s leading companies, which creates great investor confidence in what we do.”
The new investment will help the company enhance its technology and expand its operations and presence in the region.
More companies in Europe have been raising funds to expand taking advantage of the development of AI technologies. The Swedish startup Neko Health—co-founded by Spotify’s CEO Daniel Ek— raised $260 million in January during a series B round, reaching a 1.8 billion valuation.
A few weeks ago, France and the United Arab Emirates announced a partnership to build a 1-gigawatt data center in France dedicated to artificial intelligence technologies.
Image by Joshua Koblin, from Unsplash
Malware-Free Attacks Surge As Cybercriminals Use Legitimate Tools To Bypass Security
- Written by Kiara Fabbri Former Tech News Writer
- Fact-Checked by Sarah Frazier Former Content Manager
Cyber threats evolved dramatically, with adversaries moving faster and using more advanced techniques to infiltrate networks, according to CrowdStrike’s latest Global Threat Report .
In a Rush? Here are the Quick Facts!
- Breakout time dropped to 48 minutes in 2024, with a record 51 seconds.
- Vishing attacks increased by 442% between the first and second half of 2024.
- 79% of cyberattacks in 2024 were malware-free, up from 40% in 2019.
The findings highlight the growing reliance on social engineering, identity-based attacks, and artificial intelligence to bypass security defenses.
One of the most alarming trends is the decrease in “breakout time”—the time it takes for an attacker to move laterally within a compromised network. The average breakout time dropped to just 48 minutes in 2024, with the fastest recorded at a mere 51 seconds.
This rapid escalation means organizations have even less time to detect and stop breaches before significant damage is done. Social engineering attacks surged, with voice phishing (vishing) increasing by 442% between the first and second half of 2024.
CrowdStrike’s report also highlights a shift away from traditional malware-based attacks. In 2024, 79% of detections were malware-free, compared to just 40% in 2019. Instead of deploying malware, attackers are using hands-on-keyboard techniques, mimicking legitimate user behavior to evade detection.
CrowdStrike warned that cloud services are becoming a preferred target for malicious activity on victim machines, with a 26% increase in unattributed cloud intrusions in 2024 compared to 2023.
The report highlighted that attackers are gaining initial access through valid accounts, using cloud environment management tools for lateral movement, and exploiting cloud provider command line tools.
The technology sector remained the most targeted industry for the seventh consecutive year, followed by consulting, manufacturing, and retail.
The report underscores the growing professionalism of cybercriminals, who now operate like structured businesses, continuously refining their tactics.
With identity-based attacks and AI-driven threats on the rise , experts urge organizations to prioritize proactive defense strategies, including risk-based patching, enhanced identity verification, and early credential abuse detection.
With a low barrier to entry, genAI enables threat actors to craft highly convincing phishing emails, deepfake videos, and disinformation campaigns. As cyber adversaries become more sophisticated, security teams must adapt quickly to counter evolving threats.
