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G42 raised $1.5B in a strategic investment led by Microsoft for the development of AI applications using Microsoft’s cloud services.

Apr 16, 2024

Amount Raised

$1.5 Billion

Round Type

Corporate Round

Abu DhabiArtificial Intelligenceinformation technology & services

Investors

Matrix Capital ManagementMicrosoft

Description

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.

Who else raised in information technology & services and Artificial Intelligence around the same time

Companies in the same sectors as G42 that raised within 45 days of this round, from Fundz verified event records.

  • Weave Bio raised $10M (Seed) on May 30, 2024.
  • Gravity raised $1M (Seed) on May 28, 2024.
  • Recall.ai raised $10M (Series A) on May 16, 2024.
  • Intangible Technology raised $300K on May 1, 2024.
  • Scavenger AI raised $1.2M (Pre-Seed) on April 11, 2024.
  • Patlytics raised $4.5M (Seed) on April 11, 2024.

Who to call at G42, and when

A new round usually means G42 is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day G42 raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at G42, from your own LinkedIn network

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Company Information

Company

G42

Location

شارع الخليج العربي

Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates

About

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.

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G42 raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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