Netcompany Signs DKK 325 Million Investment in Gefion Operator

By Amara Osei

Netcompany will invest DKK 325 million in the Danish Centre for AI Innovation (DCAI) after signing an unconditional agreement on November 10, 2026, the company said. Netcompany said the commitment joins a roughly DKK 500 million primary investment to expand the infrastructure and operations behind Denmark’s Gefion AI supercomputer. Netcompany expected completion later on November 10.

What does the DKK 875 million valuation establish?

The subscription for new DCAI shares was based on a DKK 875 million pre-money valuation, Netcompany said. Netcompany said it, the Novo Nordisk Foundation and EIFO were investing at the same price per share and on identical terms.

EIFO is adding DKK 150 million. The Novo Nordisk Foundation is topping up its investment to preserve its majority, according to Netcompany.

Netcompany’s announcement projected that the foundation will hold 52.6% of DCAI after completion. EIFO and Netcompany will hold 23.7% each.

The terms give Netcompany the right to nominate one of DCAI’s four board members. They also grant the company customary minority-protection rights. Netcompany said CEO André Rogaczewski will join the board when completion takes effect.

How much AI compute does Gefion have?

Netcompany describes Gefion as Denmark’s first AI supercomputer: an NVIDIA DGX SuperPOD with 1,528 NVIDIA H100 GPUs. Netcompany said the system already serves users in defence, research, academia, healthcare and industry.

“Gefion is approaching full capacity,” DCAI chair Nana Bule said. She said the timing was right for additional capital and expertise.

DCAI said the partners want to broaden access to sovereign AI for public institutions, regulated and critical industries, researchers, educational institutions and smaller businesses.

What will the new capital fund?

DCAI will use the proceeds to accelerate investment in AI compute infrastructure and related technology. It will also develop its organisation and operational capabilities, DCAI said.

Netcompany is funding its DKK 325 million portion through existing credit facilities. The company expects to account for DCAI as an associate under the equity method and said the transaction leaves its 2026 financial guidance unchanged.

Netcompany said its Feniks Governance software and service layers provide secure orchestration that turns raw GPU capacity into an enterprise-grade service. The capabilities include access control, monitoring, security and operational accountability.

Netcompany will also contribute its experience in 24/7 operations and security for critical societal IT systems, the company said.

What changes as AI enters production?

DCAI CEO Martin Svensson said: “When Gefion was inaugurated in 2024, the main task was to train large AI models. Today, companies and public organisations are building AI into their products and workflows, and a new generation of AI agents is taking on more complex tasks.”

DCAI’s announcement framed the expansion around production requirements: more compute, continuous operations and governance controls for sensitive data and regulated workloads on a sovereign platform.

Who is backing the expansion?

According to DCAI’s announcement, the Danish government intends to provide DKK 150 million to increase the public commitment through EIFO. DCAI said the investment supports the 2026 government platform’s ambition for Denmark to become a frontrunner in developing and responsibly applying AI.

EIFO CEO Peder Lundquist projected that Danish demand for AI capacity will rise at least sixfold within five years. DCAI tied the investment to that outlook and to the operating requirements of production AI.

Against Lundquist’s five-year projection, DCAI’s near-term test is whether added capital, expertise and 24/7 governance can keep pace while preserving controls for sensitive workloads.