Gcore, a Luxembourg-based edge AI, cloud, network, and security solutions provider, raised $60 million in Series A funding. The round was led by Wargaming, and with participation from Constructor Capital and Han River Partners.
This is the company’s first external capital raise since its inception in 2014. The funds will be invested in Gcore’s technology and platform, including AI servers powered by NVIDIA GPUs, to drive AI-led innovations.
This investment underscores the company’s commitment to delivering advanced edge AI solutions that enhance cloud resource efficiency and ensure data sovereignty.
“Constructor Capital is excited to invest in Gcore, a leading player in the AI IaaS space, in a booming market with CAGRs of over 40%. 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. We look forward to a successful journey together in the years to come,” added Matthias Winter, Managing Partner of Constructor Capital.
“We are thrilled to invest in Gcore for its forward-thinking approach to global low-latency AI infrastructure and innovative edge AI solutions,” said Christopher Koh, Managing Partner of HRZ. “We are especially impressed by their leadership in APAC, collaboration with world-class partners, and strategic alignment with emerging AI opportunities in the region.”
What does the company do?
Led by CEO Andre Reitenbach, Gcore is an edge AI, cloud, network, and security solutions provider. It provides solutions to global leaders in numerous industries.
Built for the edge and addressing a market opportunity of over $200 billion, Gcore’s cloud infrastructure powers both the training of large language models (LLMs) and the inference of AI applications at the edge. This is enabled by Gcore’s global network of over 180 edge nodes across six continents, including 25+ cloud locations, with a total network capacity exceeding 200 Tbps.
With a team of 600 operating from ten offices worldwide, Gcore manages its global IT infrastructure across six continents, with one of the best network performances in Europe, Africa, and LATAM due to the average response time of 30 ms worldwide.
Who uses Gcore?
Public organisations, telcos, and global corporations entrust Gcore with their edge workloads due to its expansive network, strong presence in emerging markets, and proven cloud capabilities in AI training and inference. The company serves customers across diverse industries, including media and entertainment, gaming, technology, financial services, and retail.
Gcore has been our partner for over 10 years, helping us deliver games to hundreds of millions of players worldwide. 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,” said Sean Lee, Chief Corporate Development Officer of Wargaming.
“We are on the cusp of an AI revolution that will transform how companies operate,” said Andre Reitenbach, CEO of Gcore. “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.”
