Luxembourg-based Gcore, a company offering edge and cloud-based services, has announced that it raised $60M (approximately €55.16M) in a Series A round of funding. This is the company’s first external investment since its founding over a decade ago.
The round was led by Wargaming, with additional participation from Constructor Capital and Han River Partners.
Capital utilisation
The funding will fuel further AI innovation and technology development at Gcore, including investing in advanced AI servers powered by NVIDIA GPUs.
Andre Reitenbach, CEO of Gcore, says, “We are on the cusp of an AI revolution that will transform how companies operate. 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,” adds Reitenbach.
As Gcore enters its next growth phase with this strategic investment, the company aims to continuously innovate with the vision of connecting the world to AI anytime, anywhere.
Brief about Gcore
Founded in 2014, Gcore claims to be a global leader in public cloud and edge computing, content delivery, hosting, and security solutions. The company operates a worldwide infrastructure to deliver edge and cloud-based services to enterprise-level businesses.
Gcore, with a global network of over 180 edge nodes, says it is trusted by public organisations, telecommunications, and global corporations to deliver reliable and scalable edge AI, cloud, network, and security solutions worldwide.
The company’s cloud infrastructure supports both the training of large language models (LLMs) and the inference of AI applications at the edge.
Gcore is headquartered in Luxembourg with offices in Vilnius, Krakow, Belgrade, Nicosia, Tbilisi, Tashkent, Manila, Seoul, and Tokyo.
01
destream: Building the financial backbone of the creator economy