About Northern Data
Northern Data is a company based in Frankfurt Am Main (Germany) founded in 2017 by Mathis S and Marco Beckmann was acquired by Riot Blockchain in April 2021.. Northern Data has completed 5 acquisitions, including Daemoon, Damoon and Decentric Europe. Northern Data offers products and services including AI Cloud Services, Data Centers, and AI Accelerator. Northern Data operates in a competitive market with competitors including Hewlett Packard Enterprise, Rescale, Theta Token, Cornami and Luminous, among others.
- Headquarter Frankfurt Am Main, Germany
- Founders Mathis S, Marco Beckmann
- Stage Public
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Northern Data Ag
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$420 M (USD), Post-IPO
Sep 21, 2023
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Investors
Tether
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Daemoon
& 4 more
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Acquired by
Riot Blockchain
(Apr 09, 2021)
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Products & Services of Northern Data
Northern Data offers a comprehensive portfolio of products and services, including AI Cloud Services, Data Centers, and AI Accelerator. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Flexible and secure cloud for AI workloads using NVIDIA hardware.
Purpose-built facilities for high-performance computing needs.
Platform democratizing access to advanced AI technologies.
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Funding Insights of Northern Data
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $420.0M
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First Round
First Round
(21 Sep 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2023 | Amount | Post-IPO - Northern Data | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Northern Data
Northern Data has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Tether and Riot Platforms. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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USD-backed stablecoins are issued on multiple blockchains by Tether.
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Founded Year | Domain | Location | |
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Riot Platforms is engaged in Bitcoin mining and infrastructure development.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Northern Data
Northern Data has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Daemoon, Damoon and Decentric Europe. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
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Bitcoin mining software is offered to individuals and businesses.
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2020 | ||||
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Engineering technology solutions are provided since 1994.
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1994 | ||||
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Cloud services are provided to support business infrastructure needs.
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Northern Data
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Northern Data Comparisons
Competitors of Northern Data
Northern Data operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hewlett Packard Enterprise, Rescale, Theta Token, Cornami and Luminous, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
HPC solutions are delivered via supercomputers and storage systems.
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Provider of cloud based HPC services
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| domain | founded_year | HQ Location |
Decentralized peer-to-peer video delivery is enabled through token rewards.
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| domain | founded_year | HQ Location |
AI-powered microprocessors are supplied for parallel computing tasks.
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| domain | founded_year | HQ Location |
AI-based supercomputers are built via a specialized platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Northern Data
Frequently Asked Questions about Northern Data
When was Northern Data founded?
Northern Data was founded in 2017 and raised its 1st funding round 6 years after it was founded.
Where is Northern Data located?
Northern Data is headquartered in Frankfurt Am Main, Germany. It is registered at Frankfurt Am Main, Hesse, Germany.
What does Northern Data do?
Northern Data was established in 2017 in Frankfurt Am Main, Germany, within the cloud computing sector. High-performance computing solutions are delivered through a GPU-focused platform. Management of computing resources is enabled for virtualization of applications or servers, explorative data analysis, rendering, and AI tasks involving inference and training. Green data center options are incorporated to support sustainable operations across various workloads.
Who are the top competitors of Northern Data?
Northern Data's top competitors include Rescale, Hewlett Packard Enterprise and Theta Token.
What products or services does Northern Data offer?
Northern Data offers AI Cloud Services, Data Centers, and AI Accelerator.
How many acquisitions has Northern Data made?
Northern Data has made 5 acquisitions, including Daemoon, Damoon, and Decentric Europe.
Who are Northern Data's investors?
Northern Data has 2 investors. Key investors include Tether, and Riot Platforms.
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