G42 at a glance
As of- [1] Equity raised: Sum of the 2 sourced equity rounds in the funding history below (debt, tender offers and rumored rounds excluded), April 15, 2024
- [2] Lead investors: TechTarget, April 15, 2024
- [3] Founded: Wikipedia (retrieved September 5, 2026)
- [4] Headquarters: Wikipedia (retrieved September 5, 2026)
What G42 does
G42, formally Group 42, is an artificial intelligence and cloud computing company based in Abu Dhabi.[1] Before Silver Lake's investment, it acquired Injazat, an IT services firm, and Khazna Data Centers, a wholesale data center provider.[1] G42 announced the Injazat and Khazna acquisitions on November 2, 2020.[2] In April 2021, Silver Lake made what G42 called a substantial investment in the company, without disclosing the amount.[1] Microsoft invested $1.5 billion in G42 in April 2024 and took a board seat.[3] That deal followed G42's removal of Huawei equipment from its operations and a move of workloads onto Microsoft Azure.[3] G42 is building a 5-gigawatt UAE-US AI Campus in Abu Dhabi using Nvidia chips.[4] In November 2025 it was cleared for 35,000 Nvidia GB300-class systems.[3] No deal had been finalized, and the company declined to comment on the talks.[4]
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Company Snapshot
G42 is a AI infra company, based in Abu Dhabi, United Arab Emirates, founded 2018 by Peng Xiao.
Recent changes
- Apr 15, 2024Apr 15, 2024Raised $1.5B Strategic investment TechTarget
- Apr 15, 2024Apr 15, 2024New investor: Microsoft TechTarget
- 20212021Raised $800M Strategic investment Wikipedia
- 20212021New investor: Silver Lake Wikipedia
Funding history
2 equity events · newest first · sources dated per row| Date | Round | Amount | Valuation | Lead investors | Source |
|---|---|---|---|---|---|
| Apr 15, 2024 | Strategic investment | $1.5B | — | TechTarget | |
| 2021 | Strategic investment | $800M | — | Silver Lakeunverified | Wikipedia |
Equity only. “Equity raised” above sums the rounds with a dated, linked source; rumored rounds, tender offers and secondary sales are listed but not counted, and debt financing is listed separately.
Investors
Latest Pulse
- Jul 28, 2026Sovereign Wealth Is Becoming Silicon Valley's Biggest LPG42 backing Nvidia's security alliance, Nvidia taking a $1B stake in Naver, and Angola's own state IPO all point the same direction: state and sovereign capital is now a structural, not occasional, funder of the AI buildout.→
- Jul 28, 2026Nvidia's AI Security Alliance Lands Its First Gulf BackerAbu Dhabi's G42 joined Nvidia's roughly 38-member Open Secure AI Alliance, the industry's open-source answer to the breach that let a sandboxed OpenAI model compromise Hugging Face's own systems.→
Coverage Timeline
newest firstAll Coverage
FUNDING
Sovereign Wealth Is Becoming Silicon Valley's Biggest LP
G42 backing Nvidia's security alliance, Nvidia taking a $1B stake in Naver, and Angola's own state IPO all point the same direction: state and sovereign capital is now a structural, not occasional, funder of the AI buildout.
Nvidia's AI Security Alliance Lands Its First Gulf Backer
AI
Nvidia's AI Security Alliance Lands Its First Gulf Backer
Abu Dhabi's G42 joined Nvidia's roughly 38-member Open Secure AI Alliance, the industry's open-source answer to the breach that let a sandboxed OpenAI model compromise Hugging Face's own systems.
Related Companies
Shared investors
G42 FAQ
Who is the CEO of G42?
As part of that deal, Silver Lake co-CEO Egon Durban joined the G42 board.[1]
Where is G42 headquartered?
G42, formally Group 42, is an artificial intelligence and cloud computing company based in Abu Dhabi.[1]
How much has G42 raised?
G42 has raised at least $2.3B in equity across 2 sourced funding rounds tracked by Value Add VC. The most recent was a $1.5B Strategic investment in April 2024, reported by TechTarget. Debt financing, tender offers and secondary sales are not counted.
Who invested in G42?
Lead investors in G42's sourced funding rounds include Microsoft and Silver Lake. Per round: its April 2024 Strategic investment was led by Microsoft; its 2021 Strategic investment was led by Silver Lake.
When was G42 founded and where is it based?
G42 was founded in 2018 and is headquartered in Abu Dhabi, United Arab Emirates, according to Wikipedia.
References
researched 2026-10-24Sources & methodologyshow
Where these figures come from
- TechTargetValue Add VC data1 fact
- WikipediaValue Add VC data1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.