Netcompany commits DKK 325 million to Denmark’s AI supercomputer operator

Denmark’s Gefion AI supercomputer is nearing full capacity, its operator says. Netcompany agreed on November 10, 2026, to invest DKK 325 million in that operator, joining a roughly DKK 500 million investment. The aim goes beyond more computing power: the partners want a secure national AI service that public bodies and regulated businesses can use.

Netcompany is subscribing for new shares in Danish Centre for AI Innovation, or DCAI, alongside existing shareholders Novo Nordisk Foundation and EIFO. According to Netcompany’s company announcement, the three investors are buying at the same price per share and on identical terms. The transaction values DCAI at DKK 875 million before the new investment.

The agreement was signed that morning and is unconditional. Netcompany expected completion later on November 10. EIFO is contributing a further DKK 150 million, while Novo Nordisk Foundation is increasing its investment and retaining majority ownership. The foundation will hold 52.6% after completion; Netcompany and EIFO will each hold 23.7%.

Netcompany will finance its contribution through existing credit facilities. It says the investment does not change its financial guidance for 2026. Its chief executive, André Rogaczewski, will join DCAI’s board when the deal completes, exercising the company’s right to nominate one of four directors.

52.6%Novo Nordisk Foundation

The foundation remains DCAI’s majority shareholder under the agreed ownership structure.

23.7%EIFO

The existing investor will hold the same stake as Netcompany.

23.7%Netcompany

The incoming shareholder receives a minority stake.

Gefion’s existing hardware is an Nvidia DGX SuperPOD with 1,528 H100 graphics processing units, or GPUs. DCAI plans to spend the proceeds on more AI computing infrastructure and related technology, while also developing its organization and operating capabilities. The money therefore supports both equipment and the ability to deliver services around it.

Netcompany identifies access control, monitoring, security and clear operational responsibility as barriers between raw computing capacity and wider use. Its contribution includes Feniks Governance, software and services intended to coordinate access to Gefion and make that capacity usable as a secure service. This is part of the investment’s operating plan, not a separate hardware purchase.

The company also plans to contribute experience operating critical IT systems, including round-the-clock operations and security. The shareholders’ stated goal is a scalable, commercially viable national AI platform. Their target users include institutions and businesses whose data is sensitive or subject to regulation—not simply organizations seeking access to a powerful computer.

DCAI chair Nana Bule says Gefion is approaching full capacity and describes a shift from training AI models toward deploying and operating AI at scale. In EIFO’s announcement, she presents that change as a reason DCAI needs additional capacity and new skills. Gefion already serves users in defense, research, healthcare and industry.

DCAI chief executive Martin Svensson draws the same distinction. When Gefion was inaugurated in 2024, he says, its main task was training large models. Now businesses and public organizations are integrating AI into products and workflows, while AI agents take on more complex tasks. He frames the expansion around trusted capacity for that work.

EIFO chief executive Peder Lundquist says the organization expects Danish demand for AI capacity to grow sixfold within five years. That is the investor’s forecast, rather than a measure of current usage. Alongside the expansion, the partners want to make advanced AI easier to adopt for smaller companies, regulated industries and public institutions.