Companies
Core42
United Arab Emirates · AI & technology · Private · Founded 2023 · Abu Dhabi
G42's sovereign cloud and AI-infrastructure company, formed in October 2023 by merging G42 Cloud, Inception and Injazat. It offers sovereign AI and public and private cloud services to governments and enterprises, with Talal M. Al Kaissi as Chief Executive Officer. In May 2026 it announced USD 550 million of structured trade-finance facilities from HSBC (USD 240 million completed in February and USD 310 million in May 2026) to fund AI cloud and compute capacity in the United States and Europe. It publishes no financial statements.
Verified · updated 19 Oct 2026
Key facts
$550 mn
Debt financing announced
Two HSBC structured trade-finance facilities (USD 240 million, completed February 2026; USD 310 million, completed May 2026); debt, not equity or valuation.
Core42·as announced May 2026·source dated 21 May 2026·updated 19 Oct 2026·About this indicator
Ownership and relationships
- parent company:G42Core42 · read on 17 Oct 2026 ↗
- Chief Executive Officer:Talal M. Al KaissiG42 · source dated 5 May 2026 ↗
Key people
- Talal M. Al Kaissi · Chief Executive Officer, Core42
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Sources
- Core42 · core42.ai