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 May 31, 2026, the latest employee count at Core42 is 1513.

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 38th amongst 304 active competitors, of which 52 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Core42, which secured $310M in May, 2026.

Who are the top competitors of Core42?

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

Core42 - 2026 Company Profile, Funding & Competitors

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

38^th among 304 active competitors

Employee Count

1,513 as on May 31, 2026

Similar Companies

CoreWeave & 296 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	4484767	Conventional Debt	3488684	3442495	4963445	7662843
Feb 2026	2845997	Conventional Debt	9663410	6060263	4131394	HSBC

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View details of Core42's funding rounds and investors

Core42's employee count trend

Core42 has 1,513 employees as of May 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 & 37 others	75/100
2nd	Tuya 2014, Santa Clara (United States), Public	Provider of AI cloud platform services for smart product development	$200M	New Enterprise Associates, CICC & 11 others	74/100
3rd	Together AI 2022, San Francisco (United States), Series B	Provider of a platform for developing, fine-tuning, and deploying AI models	$534M	General Catalyst, Nvidia & 23 others	72/100
4th	Theta Token 2016, Cupertino (United States), Series A	Decentralized video delivery platform	$9.26M	Sierra Ventures, Heuristic Capital Partners ... & 35 others	71/100
5th	Neysa 2023, Mumbai (India), Series B	Provider of AI acceleration cloud system with infrastructure and services	$650M	Z47, Nexus Venture Partners & 16 others	70/100
6th	FluidStack 2017, New York City (United States), Series B	Provider of managed high performance computing clusters for artificial intelligence	$1.05B	Mercuri, Karmel Capital & 7 others	69/100
7th	exaBITS 2021, San Mateo (United States), Seed	Decentralized GPU computing infrastructure for AI workloads	$20M	Portal ventures, Hack VC & 16 others	67/100
8th	Crusoe 2018, Denver (United States), Series E	Operator of cloud platform providing infrastructure for artificial intelligence workloads	$2.77B	Valor Equity Partners, Founders Fund & 68 others	67/100
9th	E2E Networks 2009, Delhi (India), Public	Provider of cloud infrastructure for artificial intelligence and machine learning	$487K	Blume Venture, Larsen Toubro & 6 others	65/100
10th	Ori 2018, London (United Kingdom), Acquired	Provider of a full-stack AI cloud platform with flexible deployment options	$178M	Episode 1 Ventures, Capital Lab & 10 others	65/100
38th	Core42 2023, Abu Dhabi (United Arab Emirates), Funding Raised	Provider of sovereign cloud, AI infrastructure, and cloud managed services	-	HSBC	45/100