Gcore, a Luxembourg-based provider of Edge AI, cloud, network, and security solutions, has successfully raised $60 million in Series A funding. The company aims to utilize these funds to enhance its technology platform and drive innovations in AI infrastructure. This marks a significant milestone for Gcore, reflecting the growing demand for advanced AI solutions in the market.
Gcore’s cloud infrastructure is designed specifically for edge applications, facilitating both the training of large language models (LLM) and the inference of AI applications at the edge. The company maintains a global network of over 180 edge nodes across six continents, with more than 25 cloud locations, supporting a total network capacity exceeding 200 Tbps. This expansive network enables Gcore to deliver dynamic and efficient AI solutions globally.
Strategic Investments
Wargaming led the funding round, with significant contributions from Constructor Capital and Han River Partners. Andre Reitenbach, CEO of Gcore, emphasized the importance of this investment in ushering in an AI revolution poised to transform business operations. He noted,
“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.”
Partnerships and Support
Sean Lee, Chief Corporate Development Officer of Wargaming, expressed enthusiasm about their continued partnership with Gcore, highlighting the company’s role in delivering games to millions of players worldwide. Lee said,
“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.”
This recent funding round builds on Gcore’s previous achievements and expansion efforts. In the past, the company has consistently demonstrated its commitment to enhancing cloud resource efficiency and ensuring data sovereignty. Compared to earlier milestones, this Series A funding significantly bolsters Gcore’s capability to innovate and scale its platform, leveraging cutting-edge AI technologies.
Constructor Capital also played a pivotal role in this funding round. Matthias Winter, Managing Partner of Constructor Capital, stated,
“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.”
Gcore plans to strategically invest the newly secured funds into its technology and platform, including the deployment of AI servers powered by NVIDIA GPUs. By doing so, the company aims to drive AI-led innovations and meet the increasing demand for AI infrastructure from both enterprises and SMBs.
Gcore’s commitment to advancing-edge AI solutions is evident in its ongoing efforts to enhance cloud resource efficiency. The company strives to provide a seamless AI experience through its extensive network and advanced technology, ensuring data sovereignty and low latency. As Gcore continues to expand, it remains at the forefront of AI infrastructure development, poised to make a significant impact in the AI and edge computing domains.
