When was Core42 founded?

Core42 was founded in 2023 and raised its 1st funding round 3 years after it was founded.

Where is Core42 located?

Core42 is headquartered in Abu Dhabi, United Arab Emirates.

How many employees does Core42 have?

As of Sep 30, 2026, the latest employee count at Core42 is 1478.

Is Core42 a funded company?

Core42 is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** Conventional Debt round, raised on Feb 2026.

When was the latest funding round of Core42?

Core42's latest funding was a $***** Conventional Debt round on May 2026, with participation from 1 investor.

Where does Core42 rank among its competitors?

Core42 ranks 42nd amongst 342 active competitors, of which 56 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was FluidStack, which secured $1.5B in Sep, 2026.

Who are the top competitors of Core42?

Core42's top competitors include CoreWeave, Tuya and Together AI. Among them, FluidStack secured the most recent funding round in September, 2026.

Core42 - 2026 Company Profile, Funding & Competitors

Core42 is a funded company based in Abu Dhabi (United Arab Emirates), founded in 2023. It operates as a Provider of sovereign cloud, AI infrastructure, and cloud managed services. Core42 has raised an undisclosed amount in funding. The company has 342 active competitors, including 56 funded and 16 that have exited. Its top competitors include companies like CoreWeave, Tuya and Together AI.

Company Details

Provider of sovereign cloud, AI infrastructure, and cloud managed services. The company offers accelerators, security, and control optimized for various workloads. It provides a platform to access AI models and infrastructure. The company delivers a cloud platform for enablement, along with high-performance computing solutions optimized for machine learning. It offers a managed platform providing foundation models through an API. The company delivers technology expertise to help organizations reach transformation objectives.

Website: www.core42.ai/
Social
Phone Number: +971 **********

Key Metrics

Founded Year

2023

Location

Abu Dhabi, United Arab Emirates

Stage

Funding Raised

Latest Funding Round

Conventional Debt, May 2026, $*****

Investors

HSBC

Ranked

42^nd among 342 active competitors

Employee Count

1,478 as on Sep 30, 2026

Similar Companies

CoreWeave & 620 more

View Core42's full profile

Core42 has raised funding over 2 rounds. Its first funding round was on Feb 2026. Its latest funding round was a Conventional Debt round on May 2026 for $*****. 1 investor participated in its latest round. Core42 has 1 institutional investor.

Here is the list of recent funding rounds of Core42:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 2026	9658785	Conventional Debt	9955399	7788112	2624035	3656357
Feb 2026	8511584	Conventional Debt	2749946	7624544	5959300	HSBC

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View details of Core42's funding rounds and investors

Core42's employee count trend

Core42 has 1,478 employees as of Sep 26. Here is Core42's employee count trend over the years:

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Top competitors of Core42 include CoreWeave, Tuya and Together AI. Here is the list of Top 10 competitors of Core42, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	CoreWeave 2017, Livingston (United States), Public	Provider of cloud computing services for artificial intelligence workloads	$2.38B	Magnetar, Fidelity Investments & 43 others	81/100
2nd	Tuya 2014, Santa Clara (United States), Public	Provider of AI cloud platform services for smart product development	$200M	New Enterprise Associates, Future Fund & 12 others	75/100
3rd	Together AI 2022, San Francisco (United States), Series C	Provider of a platform for developing, fine-tuning, and deploying AI models	$1.33B	Emergence Capital, Salesforce Ventures & 34 others	75/100
4th	FluidStack 2017, New York City (United States), Series B	Provider of high performance computing infrastructure for artificial intelligence workloads	$2.55B	Jane Street, Situational Awareness & 11 others	72/100
5th	Theta Token 2016, Cupertino (United States), Series A	Decentralized video delivery platform	$9.26M	Sierra Ventures, The Venture Reality Fund ... & 36 others	70/100
6th	Crusoe 2018, Denver (United States), Series F	Operator of cloud platform providing infrastructure for artificial intelligence workloads	$6.67B	Valor Equity Partners, Founders Fund & 77 others	69/100
7th	Aethir 2021, Singapore (Singapore), Seed	Network of distributed cloud infrastructure providing enterprise grade GPU compute	$9M	Framework Ventures, HashKey Capital & 19 others	67/100
8th	exaBITS 2021, San Mateo (United States), Seed	Decentralized GPU computing infrastructure for AI workloads	$20M	Portal ventures, Hack VC & 16 others	67/100
9th	Yotta 2019, Mumbai (India), Series D	Provider of cloud, data center, and managed services for digital transformation	$150M	SBI, Cornerstone Ventures & 3 others	67/100
10th	Neysa 2023, Mumbai (India), Series B	Provider of AI acceleration cloud system with infrastructure and services	$653M	Z47, Nexus Venture Partners & 17 others	66/100
42nd	Core42 2023, Abu Dhabi (United Arab Emirates), Funding Raised	Provider of sovereign cloud, AI infrastructure, and cloud managed services	-	HSBC	45/100