Gcore funding news – Luxembourg-based Gcore Secures $60 Million in Series A Round Funding

It's goal is to deliver advanced AI solutions that improve cloud resource efficiency and ensure data sovereignty. Led by Wargaming and with participation from Constructor Capital and Han River Partners, this is the company's first external capital raise since its founding more than ten years ago.

Andre Reitenbach, CEO of Gcore, says: "We are on the cusp of an AI revolution that will change the way companies work. Gcore is perfectly positioned to connect the world with AI, anywhere, anytime, by offering innovative AI, cloud and edge solutions. The growing demand for AI infrastructure - from both larger enterprises and SMEs - underscores the importance of this investment. We are delighted to have the support of investors such as Wargaming, Constructor Capital and Han River Partners, as it will enable us to expand our extensive network of AI servers and strengthen the powerful edge services we offer."

Sean Lee, Chief Corporate Development Office at Wargaming, said: “Gcore has been our partner for over ten years, helping us reach hundreds of millions of gamers worldwide. We are very excited to help them train and analyze AI models at high speed anywhere in the world.”

Matthias Winter, Managing Partner of Constructor Capital, says: "Gcore is a leader in AI IaaS, a booming market with annual growth rates of over forty percent. We believe in Gcore's unique value proposition as a full-service provider offering a broad range of edge solutions, a high degree of automation, attractive TCO, extremely low latency and an experienced management team. We look forward to a successful journey together in the coming years."

Christopher Koh, Managing Partner of HRZ, added: "We are very excited to invest in Gcore as the company is taking a forward-looking approach to global low-latency AI infrastructure and innovative AI solutions. We are particularly impressed by Gcore's leadership in APAC, collaboration with world-class partners and strategic focus on emerging AI opportunities in the region."

It's customers include public entities, telecommunications companies and global enterprises that entrust their edge workloads to its extensive network with a strong presence in emerging markets and proven cloud capabilities in AI training and inference. It serves customers across a wide range of industries, including media and entertainment, gaming, technology, financial services and retail.

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About Gcore

Gcore is a leading international provider of public cloud and edge computing, AI, content delivery (CDN), hosting and security solutions. With headquarters in Luxembourg and more than 600 employees, the company offers its products worldwide. It operates its own global IT infrastructure on six continents and has one of the best network performances in Europe, Africa and Latin America with an average response time of 30 ms.