Netcompany and EIFO invest DKK 500 million in Denmark's Gefion AI supercomputer operator

The Danish Centre for AI Innovation, which operates Denmark's Gefion AI supercomputer, is adding Netcompany as an owner through a DKK 500 million investment, the Novo Nordisk Foundation said. The funding will expand access to computing capacity for businesses, public institutions and researchers.

Netcompany will invest DKK 325 million, while EIFO will contribute DKK 150 million. The Novo Nordisk Foundation will add further funding to retain a majority stake.

After the transaction closes, the Novo Nordisk Foundation will own 52.6 percent of DCAI. EIFO and Netcompany will each hold 23.7 percent. The Danish government intends to provide DKK 150 million to increase public commitment through EIFO.

Gefion is approaching full capacity and currently serves users in defence, research, academia, healthcare and industry. "Gefion is approaching full capacity," said DCAI chairperson Nana Bule, and DCAI CEO Martin Svensson said the money lets it build AI capacity that public institutions and businesses can trust, "not least where data is sensitive or regulated".