Netcompany takes stake in Gefion supercomputer operator in $78M round
On November 10, 2026, Netcompany Group agreed to invest DKK 325 million in Danish Centre for AI Innovation (DCAI), the company that operates the Gefion supercomputer, according to Netcompany's announcement distributed by GlobeNewswire. The round is a primary issue in which Netcompany, the Novo Nordisk Foundation and Denmark's export fund EIFO buy new shares at an equal price and under the same conditions. Total new capital is about DKK 500 million, which Tech.eu converts to roughly €67 million. Dollar conversions differ by outlet, and DatacenterDynamics puts Netcompany's share at $49 million.
EIFO contributes DKK 150 million, and the Novo Nordisk Foundation increases its own commitment so it keeps a majority. After closing, the foundation will hold 52.6% of DCAI, while EIFO and Netcompany each hold 23.7%. The agreement is unconditional, closing was expected the same day, and the money comes from existing credit facilities. Netcompany's chief executive, André Rogaczewski, is expected to join DCAI's board, and the company may nominate one of four directors.
Gefion opened in 2024 and runs on an Nvidia DGX SuperPOD with 1,528 H100 GPUs. DCAI's chair, Nana Bule, says the system is approaching full capacity, and the new capital is meant to add computing capacity for public bodies, researchers and regulated industries. Netcompany also plans to supply its Feniks Governance software to manage and secure access to the compute.
Why it matters
For AI companies in Europe, this deal shows that sovereign compute is now attracting industrial capital alongside state money. A software firm that sells into regulated sectors now holds a stake in a national compute platform, which could influence where those customers choose to train and host models. Companies serving Danish public bodies, healthcare or defence may find a domestic option with defined access rules worth evaluating.
For investors, the structure is a single-price primary raise anchored by a foundation and a state-backed fund, which signals a long-term infrastructure bet rather than a fast return. Founders training models outside US clouds may gain a local option, but capacity is limited and the operator itself says the system is close to full. Pricing and access terms for private companies were not disclosed in the sources reviewed, so buyers should ask before committing workloads.
Key points
- 1Netcompany will invest DKK 325 million in DCAI, the operator of the Gefion supercomputer.
- 2The total round is DKK 500 million, about €67 million, with EIFO adding DKK 150 million.
- 3After closing, the Novo Nordisk Foundation will hold 52.6%, with EIFO and Netcompany at 23.7% each.
- 4The transaction is a primary issue, with all three investors buying new shares on identical terms.
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