G42 raised $1.5B in a strategic investment led by Microsoft for the development of AI applications using Microsoft’s cloud services.
G42 raised $1.5B in a strategic investment led by Microsoft for the development of AI applications using Microsoft’s cloud services.
04/16/24, 5:37 PM
Location
abu dhabiMoney raised
$1.5 billion
Industry
artificial intelligence
Investors
Matrix Capital Management, Microsoft
Microsoft has announced a $1.5 billion strategic investment in G42, a United Arab Emirates-based artificial intelligence firm. The partnership includes the use of Microsoft’s cloud services to run G42's AI applications.
Company Info
Location
abu dhabi, abu dhabi emirate, united arab emirates
Additional Info
G42 is a global leader in AI and cloud computing, committed to delivering cutting-edge solutions that enable government and enterprise organizations to unlock the potential of technology at scale. Headquartered in Abu Dhabi, G42 operates at the intersection of AI, data, and digital transformation, fostering innovation across industries such as healthcare, energy, space, and finance.