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Core42

Abu Dhabi, AE · founded 2023
L4 · Compute Capacity Providersalso L1
sovereign cloudsincumbentprivate
Sovereign AI

Core42, a subsidiary of UAE's technology conglomerate G42, provides sovereign AI cloud, high-performance computing, and managed cloud services. The company unifies diverse compute accelerators under its Compass API to enable secure, local model training and enterprise inference. It acts as the primary sovereign tech provider for UAE government portfolios.

Ecosystem functionThe leading sovereign AI compute operator in the Middle East, mobilizing state-backed capital to deploy localized GPU clusters.

Business modelSovereign-grade multi-accelerator cloud capacity leasing

Revenue—
Valuation$20Bestimated
Last round$550.0Mled by HSBC · 2026
Sources · 5 ↓
  1. https://www.core42.ai/products/ai-cloud
  2. https://datacenters.economictimes.indiatimes.com/news/investments-deals/core42-secures-550-million-from-hsbc-for-ai-infrastructure-expansion/131255715
  3. https://www.core42.ai/
  4. https://aicloud.core42.ai/
  5. https://www.linkedin.com/company/core42ai
News
Suggest an editLast verified 2026-07-26
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