Gcore raises $60 million in series A Funding to drive AI innovation and global expansion

fr

Gcore, the global edge AI, cloud, network, and security solutions provider, today announced it has secured $60 million in Series A funding from institutional and strategic investors. Led by Wargaming, and with participation from Constructor Capital and Han River Partners, this marks the company’s first external capital raise since its inception more than 10 years ago.

<< Retour
23/07/2024 | Communiqué
  • Andre Reitenbach CEO at Gcore27

    Andre Reitenbach, CEO at Gcore

The funds will be strategically invested in Gcore’s technology and platform, including cutting-edge AI servers powered by NVIDIA GPUs, to drive AI-led innovations. This investment underscores Gcore’s commitment to delivering advanced edge AI solutions that enhance cloud resource efficiency and ensure data sovereignty.   

Public organizations, telcos, and global corporations entrust Gcore with their edge workloads due to its expansive network, strong presence in emerging markets, and proven cloud capabilities in AI training and inference. Gcore serves customers across diverse industries, including media and entertainment, gaming, technology, financial services, and retail.

Built for the edge and addressing a $200bn+ market opportunity, Gcore’s cloud infrastructure powers both the training of large language models (LLMs) and the inference of AI applications at the edge. This is enabled by Gcore’s global network of over 180 edge nodes across six continents, including 25+ cloud locations, with a total network capacity exceeding 200 Tbps.

"Gcore has been our partner for over 10 years, helping us deliver games to hundreds of millions of players worldwide. We are excited to support the company on this journey and look forward to helping them become uniquely positioned to lead high-speed AI model training and inference anywhere in the world," said Sean Lee, Chief Corporate Development Officer of Wargaming.

"Constructor Capital is excited to invest in Gcore, a leading player in the AI IaaS space, in a booming market with CAGRs of over 40%. We believe in Gcore’s unique value proposition as a comprehensive provider offering a wide range of edge solutions, high automation, attractive TCO, extremely low latency, and an experienced management team. We look forward to a successful journey together in the years to come," added Matthias Winter, Managing Partner of Constructor Capital.

“We are thrilled to invest in Gcore for its forward-thinking approach to global low-latency AI infrastructure and innovative edge AI solutions,” said Christopher Koh, Managing Partner of HRZ. “We are especially impressed by their leadership in APAC, collaboration with world-class partners, and strategic alignment with emerging AI opportunities in the region.”

“We are on the cusp of an AI revolution that will transform how companies operate,” said Andre Reitenbach, CEO of Gcore. “Gcore is perfectly positioned to connect the world to AI, anywhere and anytime, by delivering innovative AI, cloud, and edge solutions. The growing demand for AI infrastructure from enterprises and SMBs alike highlights the importance of this significant investment. We are thrilled by the support of investors like Wargaming, Constructor Capital, and Han River Partners as we enhance our extensive network of AI servers and reinforce the powerful edge services we offer.”

Retour vers le haut | << Retour

Communiqués liés

Andre Reitenbach CEO at Gcore27
23/07/2024 Communiqué

Gcore raises $60 million in series A Funding to drive AI inn...

Gcore, the global edge AI, cloud, network, and security solutions provider, toda...

GCore
gcore-cdn copy
27/06/2024 Communiqué

Gcore Launches Advanced AI Solution for Real-Time Online Con...

AI-based video content moderation combines computer vision, optical character re...

GCore
Andre Reitenbach CEO at Gcore27
12/06/2024 Communiqué

Gcore Unveils Inference at the Edge – Bringing AI Applicat...

New AI solution enables fast, secure, and cost-effective deployment of pre-train...

GCore
GCore
07/05/2024 Carrières

Gcore Welcomes International Business Visionary, Dr. Philipp...

Expert in business growth strategies and former German Vice Chancellor takes up ...

GCore
Gcore Recognised as Highly Commended in the Industry Innovator Category at the EMEA NVIDIA Partner Network Awards
23/04/2024 Communiqué

Gcore Recognised as Highly Commended in the Industry Innovat...

Gcore acknowledged for successful launch of first AI speech-to-text solution for...

GCore
Left to right; Jin-yong Kim HyunYong Jung Jacques Flies Minwoo Kang (002)

Gcore opens the first H100-based data center in Korea - Part...

Gcore the global edge AI, cloud, network, and security solutions provider, will ...

GCore

Il n'y a aucun résultat pour votre recherche

Les cookies assurent le bon fonctionnement du site. En le consultant, vous acceptez l'utilisation des cookies. OK En savoir plus