Gcore attracts $60 million investment for AI innovation
Investors praised Gcore’s low latency solutions and strategic positioning in emerging AI markets.
Gcore has raised $60 million in Series A funding from investors including Wargaming, Constructor Capital, and Han River Partners. That marks Gcore’s first external capital raise in over a decade. The funds will be invested in Gcore’s AI technology and platform, utilising NVIDIA GPUs to drive AI innovations. The move highlights Gcore’s commitment to enhancing cloud resource efficiency and data sovereignty.
The company’s extensive network and cloud capabilities have made it a trusted partner for public organisations, telcos, and global corporations. Gcore’s infrastructure supports a wide range of industries, including media, gaming, technology, financial services, and retail. Its global network of over 180 edge nodes spans six continents, powering the training and inference of large language models.
Investors have expressed strong support for Gcore’s mission. Wargaming’s Sean Lee praised Gcore’s decade-long partnership, while Constructor Capital’s Matthias Winter highlighted the company’s comprehensive edge solutions and low latency. Han River Partners’ Christopher Koh noted Gcore’s strategic position in emerging AI markets, particularly in the APAC region.
CEO Andre Reitenbach emphasised the transformative potential of AI for businesses. Gcore aims to connect the world to AI with innovative cloud and edge solutions. The investment underscores the growing demand for AI infrastructure and Gcore’s role in meeting this need, supported by its robust network and advanced AI servers.
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