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NakodaAI
All funding rounds

Core42

G42's sovereign cloud and AI-infrastructure business, deploying AI compute capacity globally.

Rounds tracked
2
Disclosed across them
$550M
First tracked
February 2026
Most recent
May 2026

Funding history, newest first

  1. Debt financing

    Structured trade finance facility

    $310M

    The second HSBC facility, closed three months after the first, brought Core42's 2026 non-dilutive AI-infrastructure financing with HSBC to $550M combined.

    Investors
    Led by HSBC
    Sector
    AI infrastructure & cloud
    Location
    Abu Dhabi, United Arab Emirates
    See it in the full list
  2. Debt financing

    Structured trade finance facility

    $240M

    The first of two 2026 HSBC facilities financing Core42's AI compute build-out, structured as non-dilutive debt with repayment tied to hardware delivery schedules.

    Investors
    Led by HSBC
    Sector
    AI infrastructure & cloud
    Location
    Abu Dhabi, United Arab Emirates
    See it in the full list

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