Background
- Gcore is a global edge AI, cloud, network and security solutions provider
- Built for the edge and addressing a $200bn+ market opportunity, Gcore’s cloud infrastructure powers both the training of large language models as well as the inference of AI applications at the edge
- This is enabled by Gcore’s global network of over 180 edge nodes across six continents, including 25+ cloud locations, with a total network capacity exceeding 200 Tbps
Process
- The DC Advisory team, led by Alexander Luycx, was engaged by Gcore to act as exclusive financial advisor to provide financial and strategic advice on its capital raising
- DC Advisory worked with Gcore to engage a global group of strategic and financial investors with a focus on identifying partners who understood Gcore’s unique positioning to build a global category leader in AI-as-a-Service with European heritage
- DC Advisory leveraged its global footprint and provided full advisory support, including: preparation of marketing materials, due diligence co-ordination, managing investor interactions, optimising financing strategy and driving negotiations with investors
Outcome
- Gcore raised $60m in Series A funding led by Wargaming, with participation from Constructor Capital and Han River Partners (HRZ)
- The funds will be strategically invested in Gcore's technology and platform, including AI servers powered by NVIDIA GPUs, to drive AI-led innovations
- This transaction highlights DC Advisory’s expertise advising European headquartered companies on capital raising. It also adds to DC Advisory's strong track record in the AI, cloud & network infrastructure-as-a-service sector globally
“We are thrilled to have partnered with DC Advisory on Gcore's Series A funding round. Their expertise and strategic guidance have been instrumental in our journey, helping to secure the necessary support to drive Gcore’s growth and innovation. This is our first external capital raise since we founded over a decade ago. This funding will enhance Gcore's extensive network of AI servers and reinforce the powerful edge services we offer.”
“Our first external capital raising was an incredible journey. We were delighted to have such a professional and responsive partner in DC Advisory. They worked closely with us at every stage of the fundraising. The marketplace we serve has been undergoing such incredible change as the opportunities for generative AI and edge AI have become evident to customers and investors. DC Advisory's agility allowed us to demonstrate to prospective investors how well positioned Gcore is to capture this huge market opportunity.”
“We are delighted to have advised Gcore on this Series A round, giving the company external capital to invest in AI servers and further convert a large pipeline of bluechip customers for AI-as-a-service. Built for the edge since its inception, we believe that Gcore, led by a visionary team, is on track to build a global category leader. We wish the team all the success in delivering on that ambition.”