Gcore Secures $60M Series A Funding Led by Wargaming to Boost Global Edge AI and Cloud Solutions

July 24, 2024
Gcore Secures $60M Series A Funding Led by Wargaming to Boost Global Edge AI and Cloud Solutions
  • Gcore, a global edge AI, cloud, network, and security solutions provider, secured $60 million in Series A funding from institutional and strategic investors, led by Wargaming.

  • Gcore operates globally in public cloud and edge computing, content delivery, hosting, and security solutions.

  • Gcore boasts impressive network performance, with an average global response time of 30 ms, supported by 180 points of presence in Tier IV and Tier III data centers worldwide.

  • Headquartered in Luxembourg, Gcore has offices in multiple locations including Vilnius, Krakow, Belgrade, Nicosia, Tbilisi, Tashkent, Manila, Seoul, and Tokyo.

  • Gcore, under the leadership of CEO Andre Reitenbach, emphasizes its role in connecting the world to AI through innovative AI, cloud, and edge solutions amidst a growing demand for AI infrastructure.

  • Wargaming, the lead investor in Gcore's funding round, achieved an exit in 2022 through the acquisition of metaverse streaming platform Polystream by Mythical Games.

  • Wargaming's chief corporate development officer, Sean Lee, highlighted the longstanding partnership with Gcore, spanning over a decade.

  • Investors like Constructor Capital and Han River Partners recognize Gcore's value proposition in providing edge solutions with low latency and high automation.

  • The $60 million investment in Gcore will be utilized to enhance the company's technology and platform, focusing on AI servers powered by NVIDIA GPUs for AI-led innovations, marking Gcore's first external capital raise in over a decade.

  • Gcore is renowned for its advanced edge AI solutions that enhance cloud resource efficiency, ensure data sovereignty, and support training large language models and AI applications at the edge through a vast global network.

  • Gcore serves public organizations, telcos, and global corporations across various industries, such as media, gaming, technology, finance, and retail.

  • This investment by Wargaming in Gcore is the first disclosed investment by Wargaming since 2019, showcasing their support for companies like Donut Lab, Rawg, and Neurogaming in the past.

Summary based on 5 sources


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Sources

Gcore Raises $60 Million in Series A Funding to Drive AI Innovation and Global Expansion

Gcore, the global edge AI, cloud, network, and security solutions provider (Graphic: Business Wire) • Jul 23, 2024

Gcore Raises $60 Million in Series A Funding to Drive AI Innovation and Global Expansion



Luxembourg-based Gcore raises €55.1M - Silicon Canals

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