Q1 2026$101.6M raised6 deals5 new startups84 open roles

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
CategoryAI
StatusActive
Team Size10001+
LocationAbu Dhabi, UAE

FUNDING HISTORY

Apr 2024

NEWS ABOUT G42

Partnership15 days 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 News21 days 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 Newsa month 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
Funding Newsa month ago

UAE AI Sector Accelerates Growth with New Funding and Partnerships

The UAE's AI sector is experiencing rapid growth, fueled by rumored sovereign AI funds and increased cross-Gulf collaboration. These developments are poised to provide significant opportunities for AI startups.

DXB Start·1 min read
Technologya month ago

UAE Receives First US AI Chip Shipment, Boosting Tech Partnership

The UAE has received its initial delivery of advanced AI chips from the United States, signaling progress in a major technology partnership. This development provides crucial infrastructure for AI development and innovation within the Emirates.

DXB Start·1 min read

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