Securing Initial Funding to Build an AI-Competitive Europe
Era Compute has raised initial funding to help Europe build AI on its own infrastructure.
The last few years have been painful to watch. The United States and China are pulling ahead in the AI race, releasing new state-of-the-art models seemingly every week, while Europe, despite its best efforts, keeps falling short.
It is not that Europe lacks talent. We have some of the best minds in the world, people fully capable of building things that matter and truly world-class AI companies. But too often they end up in one of two places. Either they join a US company, because that is where the energy and the resources are, or they try to build something at home and hit a wall, because the infrastructure and support simply are not here at the moment. Both roads lead back to the same place, and Europe stays one step behind.
The final straw was Anthropic launching Mythos (Fable), which Europeans could enjoy for a full three days before it was restricted to Americans only. It is hard to accept, but this gap will not fix itself, and if we leave it alone, it grows into a real security threat.
We do not want to live in that future. That is why we founded Era Compute.
Waking the Sleeping Giant
Our thesis is simple: Europe needs the right foundations to compete. We are building the environment where new AI companies can actually take off and go toe to toe with the best in the world, and that begins with infrastructure and real access to it.
Over the past few months, we have interviewed researchers, data center operators, chip manufacturers, and some of the sharpest minds in the market across the US and Europe. We wanted to understand one thing: what is keeping this sleeping giant asleep, and what it will take to wake it up.
That work paid off. We now have a clear view of the market, we know what is missing, and we know exactly what comes next. We are going to do our best to make it happen in the months and years ahead, and we have already taken our first steps toward it.
The Start of Something Big
To help us get there, I am thrilled to share that we have raised our initial funding from Entrepreneur First, backed by a handful of strategic angel investors who believed in this from day one. It is the start of something big.
None of this would have been possible alone. I want to thank everyone who has supported us so far: our business partners, customers, advisors, investors, and teammates. You all helped get us here.
We will not let this slip. We will use every bit of our hunger and passion to change it.
Ted