AI Hardware

Gcore Raises $60M in Series A Funding

Gcore raised $60M in its first external funding round led by Wargaming, and with participation from Constructor Capital and Han River Partners.

By Priya Khosla July 23, 2024

Source: Global Corporate Venturing

Gcore provides edge AI, cloud, network and security technologies for public entities, telecommunications firms and corporations. It specialises in the media, entertainment, gaming, technology, financial services and retail industries.

The money will help the company further enhance its offerings including Nvidia GPU-equipped AI servers which enable faster large language model-based training capabilities.

Andre Reitenbach, chief executive of Gcore, added: “The growing demand for AI infrastructure from enterprises and SMBs alike highlights the importance of this significant investment.”

“Gcore has been our partner for over 10 years, helping us deliver games to hundreds of millions of players worldwide,” said Wargaming chief corporate development officer Sean Lee.

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