- Gcore, a Luxembourg-based provider of Edge AI, cloud, network, and security solutions, secured $60 million in Series A funding.
- The funding will enhance Gcore’s cloud infrastructure for training large language models and deploying AI applications at the edge.
- Gcore’s network features over 180 edge nodes across six continents, with more than 25 cloud locations and a network capacity of over 200 terabits per second.
- CEO Andre Reitenbach emphasizes the company’s role in the AI revolution, positioning Gcore to meet growing global AI demands.
- Major investors include Wargaming, Constructor Capital, and Han River Partners.
- Wargaming’s Sean Lee highlights the long-term partnership with Gcore and its role in AI model training and inference.
- Constructor Capital’s Matthias Winter praises Gcore’s edge solutions for their automation, cost-effectiveness, and low latency.
- Funds will be used for technology and platform development, including AI servers powered by NVIDIA GPUs.
Main AI News:
Luxembourg-based Gcore, a leading provider of Edge AI, cloud, network, and security solutions, has announced a substantial $60 million in Series A funding. This capital injection will bolster Gcore’s capabilities in delivering sophisticated cloud infrastructure designed to support both the training of large language models (LLMs) and the deployment of AI applications at the network edge. Gcore’s infrastructure is underpinned by a global network comprising over 180 edge nodes across six continents and more than 25 cloud locations, boasting a total network capacity surpassing 200 terabits per second (Tbps).
Gcore CEO Andre Reitenbach highlights that the company is at the forefront of an AI revolution poised to revolutionize operational efficiencies across various industries. “Gcore is uniquely positioned to bridge the gap between global AI demands and innovative solutions, delivering advanced AI, cloud, and edge capabilities around the clock,” Reitenbach stated. The surge in demand for robust AI infrastructure from both large enterprises and small to medium-sized businesses underscores the significance of this investment.
The funding round was spearheaded by Wargaming, with contributions from Constructor Capital and Han River Partners. Sean Lee, Chief Corporate Development Officer at Wargaming, emphasized their long-standing partnership with Gcore. “Having collaborated with Gcore for over a decade to deliver gaming experiences to millions globally, we are thrilled to support their next phase of growth. We are eager to see them advance in high-speed AI model training and inference globally.”
Constructor Capital’s Managing Partner Matthias Winter also expressed enthusiasm about the investment. “Gcore stands out in the AI Infrastructure-as-a-Service (IaaS) sector. Their comprehensive edge solutions, high automation, competitive total cost of ownership, and low latency make them a compelling investment. We are confident in their potential to lead in this space.”
Gcore plans to allocate the funds towards enhancing its technology and platform, including the deployment of AI servers powered by NVIDIA GPUs, to drive forward AI-driven innovations and maintain data sovereignty.
Conclusion:
Gcore’s successful Series A funding round signals a significant move in the Edge AI and cloud solutions market. The substantial $60 million investment highlights the growing demand for advanced AI infrastructure and positions Gcore as a major player capable of leveraging its extensive global network to deliver cutting-edge AI and cloud services. With support from prominent investors and a strategic focus on expanding its technological capabilities, Gcore is poised to capitalize on the increasing need for efficient, high-speed AI solutions, enhancing its competitive edge in a rapidly evolving sector.
