Tech
Gcore Raises $60M in Series A Funding to Invest in AI Technology and Platform — Retail Technology Innovation Hub
Gcore, a global provider of edge AI, cloud, network and security solutions, has secured $60 million in Series A funding from institutional and strategic investors.
This marks the company's first external capital raise since its founding over a decade ago, led by Wargaming, with participation from Constructor Capital and Han River (HRZ).
The funding will be invested in Gcores' technology and platform, which includes AI servers powered by NVIDIA GPUs.
“Gcore has been our partner for over a decade, helping us bring our games to hundreds of millions of players around the world. We are pleased to support them in this endeavor and look forward to helping them uniquely position themselves to lead the way in fast AI model training and inference anywhere in the world,” said Sean Lee, Chief Corporate Development Officer at Wargaming.
“We are pleased to invest in Gcore, a leading company in the AI IaaS space, in a rapidly growing market with a CAGR of over 40%,” said Matthias Winter, Managing Partner at Constructor Capital.
We believe in Gcores' unique value proposition as a comprehensive provider offering a wide range of edge solutions, advanced automation, attractive TCO, extremely low latency and an experienced management team, and we look forward to a successful journey together in the coming years.
Sources 2/ https://retailtechinnovationhub.com/home/2024/7/24/gcore-raises-60-million-in-series-a-funding-and-preps-investment-in-its-ai-technology-and-platform The mention sources can contact us to remove/changing this article |
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