Q3 2026$288M raised8 deals28 new startups215 open rolesTracker

G42Invent a Better Everyday

Abu Dhabi AI powerhouse backed by Microsoft ($1.5B) and Silver Lake, building sovereign AI infrastructure, cloud computing, and applied AI solutions. 25,000+ employees. Partner on Stargate UAE with OpenAI.

FROM THE EDITOR'S DESK

G42 is the crown jewel of Abu Dhabi's AI ambitions — a state-backed conglomerate chaired by Sheikh Tahnoon bin Zayed Al Nahyan that secured a landmark $1.5B investment from Microsoft in April 2024. The company subsequently received White House authorization for advanced AI chip exports, unlocking Stargate UAE — a 1-gigawatt AI compute cluster built with OpenAI, Oracle, NVIDIA, and SoftBank.

With 25,000+ employees across 85+ nationalities, G42 operates through subsidiaries like Core42 (sovereign cloud) and Presight AI (publicly listed big data analytics). Its footprint extends from molecular biology to space exploration, positioning it not as a tech company but as an AI-first industrial conglomerate with geopolitical significance.

TEAM

Peng XiaoGroup CEO

SNAPSHOT

Founded2018
Total Raised$1.5B Series D+
CategoryAI
StatusActive
Team Size10001+
LocationAbu Dhabi, UAE

FUNDING HISTORY

Apr 2024

NEWS ABOUT G42

Funding News17 days ago

MGX-Led Consortium Acquires US Data Centre Operator Aligned for $40 Billion

An Abu Dhabi-led consortium, including MGX (part of G42), completed a $40 billion acquisition of Texas-based data centre operator Aligned. This major buyout signifies substantial UAE investment in global technology infrastructure.

DXB Start·1 min read
Technology17 days ago

e& UAE and Core42 Unveil Sovereign AI Compute Platform

e& UAE and Core42, a G42 company, have launched a sovereign AI compute platform, significantly advancing the UAE's national artificial intelligence infrastructure. This collaboration provides crucial resources for AI development within the country.

DXB Start·1 min read
Partnership2 months ago

Core42 Partners with Open Innovation AI on Sovereign AI Integration

Core42, a G42 company, has partnered with Open Innovation AI to integrate its sovereign AI stack into Core42's Compass API platform. This collaboration aims to provide enterprise customers with enhanced sovereign AI solutions.

DXB Start·1 min read
Funding News2 months ago

Core42 Secures $550M from HSBC for Global AI Expansion

Core42, an Abu Dhabi-based AI infrastructure operator, secured $550 million in structured trade finance from HSBC to accelerate its global AI cloud and compute deployments. This significant funding highlights the growing investment in regional AI infrastructure.

DXB Start·1 min read
Funding News3 months ago

UAE's Core42 Secures $550M to Boost Global AI Infrastructure

Core42, an Abu Dhabi-headquartered AI infrastructure operator and part of G42, secured $550 million in structured trade finance from HSBC. This funding will support its global expansion of AI cloud infrastructure, strengthening the broader AI ecosystem.

DXB Start·1 min read

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