Data

VAST Data announces its first Chief Financial Officer

VAST Data, the AI data platform company, has named Amy Shapero as its first ever Chief Financial Officer (CFO). As the company prepares for its next stage of growth, this strategic appointment will enable VAST to scale faster, better serve customers and further expand VAST’s global business while accelerating market adoption of the only data platform built for the AI era. Amy recently helped lead one of the fastest growing companies of the last decade, Shopify, serving as CFO and ushering that business from under $700 million in revenue to nearly $6 billion in less than five years. Her previous work spans private and public technology companies in commerce, financial services, marketing, and information services employing software-as-a-service models serving innovative SMBs and deeply data-intensive enterprises that have used their data to create new products and economies of scale. “Amy’s extensive finance, strategy, and operating experience with disruptive, mission-driven, high-growth companies like ours will prove invaluable as VAST continues to scale and expand at a rapid pace,” says Renen Hallak, CEO and Co-Founder of VAST Data. “We are thrilled to have Amy on-board as we look forward to the immense growth opportunity we have in front of us at VAST, and I look forward to building this great company with her.” As the new CFO of VAST Data, Amy will oversee all financial operations, including budgeting, forecasting, financial reporting, and investor relations. In addition, she will play a key role in shaping the company's strategic direction, ensuring alignment between financial goals and business objectives by fostering a dynamic finance team that puts VAST’s customers, partners and product development first, while refining and automating processes as much as possible in order to facilitate efficient scaling of the company. Amy joins VAST amidst rapid growth, making scalability a key priority as enterprises and service providers alike are increasingly standardising on the VAST Data Platform. AI-enabled organisations are realising the benefits of VAST’s unified AI data platform that features a disruptive storage architecture, a next-gen database to organise all structured and unstructured data across a global namespace, and containerised compute engine services that have been built from the ground up to power AI. “From my first conversations with Renen and the VAST leadership team, it was immediately clear to me that this is an exceptional company, with brilliant leadership and an incredible opportunity in front of us as AI’s impact grows,” Amy comments. “I’ve always been data-driven, and throughout my career I’ve helped companies to harness data for insights to improve their customer experience, innovate to build new products, and use economies of scale to create new value. VAST’s unique approach to delivering technology innovation and extraordinary customer outcomes is rare, and I look forward to helping grow our success across the globe.” For more from VAST Data, click here.

STX Next teams with appliedAI for new management suite

STX Next, a global IT consulting specialist, has partnered with Europe’s largest initiative for applied artificial intelligence to deliver the appliedAI Management Suite, a management product that increases AI value creation and facilitates EU AI Act compliance. The solution makes risk assessment and AI portfolio optimisation easier, and will drive progress for the next generation of AI initiatives. Through a centralised dashboard, the service seeks to increase return on investment whilst minimising the time, resources and costs associated with meeting compliance requirements. It sets out clear guidance and interpretation of regulatory guidelines to support organisations in navigating the complexities of the AI landscape. It targets AI and legal departments, aiming to make Europe a pioneer in AI, and a strong competitor on the global market. The final product included tools such as a feasibility calculator that evaluates factors like data readiness, model deployment, and overall deployment ease on a one-to-five scale. Other features include a risk classifier solution for AI use cases in the early stages that supports with remodelling and modifying potential solutions. The management suite can integrate with an organisation’s existing IT infrastructure to support data management and analysis, collecting from multiple sources including MLOps platforms, experiment-tracking tools, and data catalogues. The team at STX Next worked with appliedAI to develop the suite using a range of technologies, including Python, Django, Kubernetes and Google Cloud. The partnership was struck due to STX Next’s wide-ranging expertise in software development and IT applications, as well as the company’s comprehensive AI experience. Commenting on the collaboration, Ronald Binkofski, CEO at STX Next, says, “Since the introduction of the EU AI act in March 2024, many businesses have sought effective new ways to manage their AI projects to ensure compliance while maximising their potential value. “When the AI boom arrived, concerns were quickly raised around its governance and the protection of users. The new regulations were introduced by the EU to ensure that AI systems used in the region are safe, transparent, traceable, non-discriminatory and environmentally friendly, and as such they present complex but important challenges for businesses. “Our partnership with appliedAI is a result of our shared support for the progression of responsible innovation. Our collaboration should make establishing the next series of AI projects a much less laborious process, and will contribute to a safer and fairer future for AI. Added together, this will make it much easier for new projects to reach their full potential.” For more from STX Next, click here.

Veeam recognised for enterprise backup and recovery solutions

Veeam Software, a provider of data resilience solutions, has been positioned by Gartner in the Leaders quadrant of the 2024 Magic Quadrant for Enterprise Backup and Recovery Solutions. This is the eighth consecutive time Gartner has recognised Veeam as a Magic Quadrant Leader and the fifth consecutive year Veeam is positioned highest for ability to execute, which Veeam believes is a testament to why enterprises choose Veeam solutions to keep their business running and secure. “Today, the world runs on data, which means it must be available whenever and wherever it’s needed no matter what happens. That’s Data Resilience,” says Anand Eswaran, CEO at Veeam. “Veeam gives over 550,000 organisations in over 150 countries that peace of mind. Our commitment to helping customers with enterprise grade data resilience – from backup and recovery to end-to-end ransomware protection with the ability to move that data where and when they need it – has made Veeam number one in the world. “Being recognised as a Leader in the Gartner Magic Quadrant for the eighth consecutive year is a great testament to our commitment to deliver the market’s most comprehensive capabilities to keep businesses running.” Veeam has released over 30 product updates in the past 12 months. Highlights include: Veeam Data Platform provides data backup, data recovery, data freedom, data security, and data freedom to back up and use data from anywhere without platform or cloud lock-in. This single solution provides secure backup with instant recovery from cyberthreats, helping keep regulatory compliance goals; while reducing risk for all company data either on premises, or in the cloud, providing enterprises with radical resilience for their data protection, response and recovery. Veeam Cyber Secure Program offers enterprises comprehensive support before, during and after cyber attacks. In addition to partnering with Veeam to ensure all solutions are implemented to the highest security standards and a $5 million Ransomware Recovery Warranty, enterprises have access to a global team of cyber threat experts around the world and patent-pending technology from newly acquired Coveware by Veeam. Expert incident response assistance with a 15-minute SLA leverages full end-to-end ransomware protection. With over 1,000 cyber extortion cases handled per year and extensive global enterprise engagement experience, the primary focus of Coveware by Veeam is to be an ally that helps drive decisions to minimise damage and determine the best recovery path for enterprises. Veeam Data Cloud provides the same powerful data protection capabilities Veeam is known for - delivered ‘as a Service’ - for Microsoft 365 and Azure data protection. Instantly ready out-of-the-box with policy-driven simplicity, Veeam Data Cloud streamlines backup processes and management operations, yet enables organisations to still maintain direct access and control over their data. Cloud-native design provides the best protection for Microsoft 365 and Azure, which supports many organisations' most valuable data. Veeam recently released Veeam Data Cloud Vault, a cloud-based storage service that enables users to securely store backup data not only off-site, but in an always-immutable and encrypted format, providing additional layers of protection for critical information. Veeam Vault is purpose-built to empower users of Veeam Data Platform with secure cloud storage for their backups, while eliminating the headaches of managing infrastructure and unpredictable cloud cost models. Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The report included analysis of 13 enterprise data backup and recovery solutions vendors. For more from Veeam, click here.

Iron Mountain launches new digital experience platform

Global information management specialist, Iron Mountain, today announced the availability of the Iron Mountain InSight Digital Experience Platform (DXP), a secure software-as-a-service (SaaS) platform. Customers can use the platform to access, manage, govern, and monetise physical and digital information. AI-powered self-service tools automate workflows, enable audit-ready compliance, and make data accessible and useful. Through InSight DXP’s unique intelligent document processing that extracts, classifies, and enriches information with speed and accuracy, customers can quickly turn physical and digital unstructured information into structured, actionable data they can use in their integrated business applications and as the basis for their AI initiatives. Research conducted across six countries with 700 IT and data decision-makers indicates that most (93%) of the respondents’ organisations already use generative AI in some way. An overwhelming majority of those surveyed (96%) agree that a unified asset strategy for managing both digital and physical assets is critical to the success of generative AI initiatives. The modular InSight DXP platform includes secure generative AI-powered chat, enabling fast access to data trapped within documents. It can be used to quickly query data and documents in a secure isolated environment separate from publicly available generative AI applications. Its low-code solution designer allows anyone to use its intuitive drag-and-drop features to intelligently process and unlock intelligence from content. Nathan Booth, Product Manager, Amazon MGM Studios, says, “Iron Mountain InSight DXP’s generative AI integration with content management has the potential to provide us with enhanced visibility into our assets, allowing us to make quicker and easier business decisions.” InSight DXP is focused on improving the business to employee (B2E) experience which can greatly enhance how Iron Mountain customers create meaningful experiences for their employees while increasing productivity. IDC’s Amy Machado, Senior Research Manager, Enterprise Content and Knowledge Management Strategies, says, “Iron Mountain’s ability to help its customers build models and secure data within Large Language Models (LLMs) with low-code tools can change the way organisations access and monetise documents, both digital and physical.” Narasimha Goli, Senior Vice President, Chief Technology and Product Officer, Iron Mountain Digital Solutions, adds, "We are thrilled to introduce InSight DXP, our next-generation SaaS platform, which is the foundation for AI-readiness. InSight DXP transforms your information - whether physical or digital, structured or unstructured - from unrealised potential to actionable power. This innovative platform empowers businesses to harness the full capabilities of their data, driving intelligent decisions and unlocking new growth opportunities.” Mithu Bhargava, Executive Vice President and General Manager, Iron Mountain Digital Solutions, notes, “We see InSight DXP as a critical platform to help our customers get their information ready for use in generative AI and other AI-powered applications that drive operational efficiency and enhance customer experience. With unified asset management, information governance, workflow automation, and intelligent document processing tools, our customers can efficiently manage information across physical and digital assets.” InSight DXP is a flexible platform designed to quickly design, build, and publish solutions ranging from industry-specific, such as banking solutions like Digital Auto Lending, and healthcare solutions like Health Information Exchange, to cross-industry solutions, such as Digital Human Resources and Invoice Processing. These pre-built, customisable solutions are intended to help customers and system integrators get a head start on their unique configuration needs through pre-built connectors, workflows, document types, metadata, retention rules, and AI prompts. For more from Iron Mountain, click here.

PagerDuty builds upon generative AI capabilities

PagerDuty, a global leader in digital operations management, is building upon previous generative AI (genAI) capabilities with PagerDuty Advance, which is embedded across the PagerDuty Operations Cloud platform - including Incident Management, AIOps, Automation and Customer Service Operations customers. With PagerDuty Advance, organisations can accelerate digital transformation initiatives - from operations centre modernisation to automation standardisation and incident management transformation - elevating their operational excellence. The evolution of PagerDuty Advance empowers responder teams to work faster and smarter by using genAI to surface relevant context or automate at every step of the incident lifecycle. “Global IT disruption and outages are becoming the new normal due to organisations’ technical debt and a rush to harness the power of generative AI,” says Jeffrey Hausman, Chief Product Development Officer at PagerDuty. “These are contributing factors to a greater number of outages which last longer and are more costly. “Building upon our genAI offerings, PagerDuty Advance provides customers with generative AI solutions that help them scale teams by surfacing contextual insights and automating time-consuming tasks at every step of the incident lifecycle. Organisations can take the next step in unlocking the full potential of AI and automation across the digital enterprise with the help of PagerDuty.” PagerDuty Advance includes AI-powered capabilities built to streamline manual work across the incident lifecycle, including: PagerDuty Advance Assistant for Slack - A genAI chatbot that provides helpful insight at every step of the incident lifecycle from event to resolution directly from Slack. Using simple prompts, responders can quickly get a summary of the key information about the incident. It can also anticipate common diagnostic questions and suggest troubleshooting steps, resulting in faster resolution. PagerDuty Advance for Status Updates - This feature leverages AI to auto-generate an audience-specific status update draft in seconds, offering key insights on events, progress and challenges. It helps to streamline communication while saving cycles on what to say to whom, allowing teams to focus on the real work of resolution. PagerDuty Advance for Automation Digest - Part of the Actions Log, this feature summarises the most important results from running automation jobs in one place. Responders can make informed decisions based on diagnostic results and even load the output as key values into variables in Event Orchestration for dynamic automation. PagerDuty Advance for Postmortems - Once an incident is resolved, the user can elect to generate a postmortem review, accelerating an otherwise time-consuming task of collecting all available data around the incident at hand (including logs, metrics, and relevant Slack conversations). In addition to highlighting key findings, this AI-generated postmortem includes recommended next steps to prevent future issues and indicates areas of improvement. AI Generated Runbooks - AI-generated Runbooks accelerate automation development and deployment even among non-technical teams. Operators and developers can quickly translate plain-English prompts into runbook automations or leverage pre-engineered prompts as a starting point. Interviews with early access customers revealed that PagerDuty Advance for Status Updates can save up to 15 minutes per responder per incident. Given the average number of responders responsible for status updates in enterprise organisations is five and the monthly average number of incidents is 60, PagerDuty Advance can save at least 75 hours a month; more than nine business days. Snow Tempest, Research Manager for IT Service Management at IDC, notes, “According to IDC research, customers are looking for AI-enhanced, data-driven IT service and operations practices that reduce resolution times, prevent issues, and improve end user experiences. As digital products and services increasingly drive revenue and operations, organisations can expand their advantage by successfully implementing tools that enable rapid, context-aware response to urgent issues.” For more from PagerDuty, click here.

Veeam brings data resilience to Microsoft 365 users

Veeam Software, the data resilience specialist, has announced the next generation of Veeam Data Cloud for Microsoft 365 with the new capabilities offered by Microsoft 365 Backup Storage. Veeam Data Cloud, which is built on Microsoft Azure, provides backup-as-a-service (BaaS) for Microsoft 365, enabling data resilience and leveraging powerful data protection and security technology within a simple, seamless user experience. As a launch partner for Microsoft 365 Backup Storage, Veeam is leveraging the latest Microsoft technology with Veeam Data Cloud for Microsoft 365 to deliver lightning-fast backup and recovery capabilities for large Microsoft 365 environments, ensuring organisations protect critical data against cyberattacks and data loss scenarios, further enabling complete data resiliency. This solution further strengthens Veeam’s position in protecting Microsoft 365 users, with over 21 million users already under Veeam's protection. John Jester, Chief Revenue Officer (CRO) at Veeam, comments, “One of the benefits of our multi-year strategic partnership with Microsoft is rapidly bringing new advances to our joint customers and partners. This new release combines the benefits of Veeam’s industry-leading technology – in both data protection and ransomware recovery – with the latest Microsoft 365 data resilience capabilities introduced by Microsoft, and extends them to even more customers using Microsoft 365. “In addition, we’re making great progress in our joint innovation bringing the power and insights of Microsoft Copilot to the Veeam product family. As the leader in Microsoft 365 protection with over 21 million users protected, Veeam together with Microsoft provides the ultimate Microsoft 365 backup and recovery solution and sets the standard for how enterprises manage data protection.” Microsoft's new backup technology is seamlessly embedded inside Veeam's backup service for Microsoft 365, combining the new high-speed backup and recovery capabilities with Veeam's established and unmatched restore and eDiscovery options tailored to meet any potential data loss and compliance scenario. This powerful fusion, where speed and scale meet control and flexibility, empowers organisations with the best of both worlds. Zach Rosenfield, Director of PM for Collaborative Apps and Platforms at Microsoft, comments, "The collaboration with Veeam is an advancement in assisting our shared clients with quick recovery after cyber incidents. We look forward to deepening our collaboration to improve data protection for users." Veeam Data Cloud for Microsoft 365 with Microsoft 365 Backup Storage delivers: • Speed and scale: This latest offering from Veeam and Microsoft is designed to manage large volumes of data seamlessly, with the ability to protect and restore 100+ TBs of data or 10,000-plus objects. With this advanced solution, what used to take weeks or months is now accomplished within hours. • Disaster recovery: This new solution offers bulk restores at scale, ensuring increased resilience to ransomware or malware attacks and minimising downtime. Veeam Data Cloud for Microsoft 365 with Microsoft 365 Backup Storage empowers organisations to bounce back quickly from any data loss scenario. Organisations no longer have to choose between paying a ransom or enduring weeks or months of data restoration. • Future readiness: As part of a new five-year strategic partnership, Veeam is developing future solutions with Microsoft integrating Microsoft Copilot and Azure AI services to enhance data protection for Microsoft 365 and Azure. These solutions will simplify operations, automate administrative tasks, and allow organisations to allocate resources to business-critical initiatives, ensuring they stay ahead in a rapidly changing digital landscape. “As adoption of Microsoft 365 increases, the volume and criticality of their associated data sets is also growing,” says Krista Macomber, Research Director at The Futurum Group. “Without the proper data protection solution, this can lead to highly time-consuming, cumbersome backup processes - ultimately resulting in delayed, missed, or incomplete backups. Equally an issue, it can also lead to slow and incomplete recovery processes. This cannot be afforded, especially given the need for resiliency against the onslaught of cyberattacks. Veeam is directly addressing these challenges with the most recent update to its Microsoft 365 backup capabilities.” Veeam Data Cloud for Microsoft 365 with Microsoft 365 Backup Storage will be available in early August. Three packaging options (Express, Flex, and Premium) are available to accommodate Veeam and Microsoft customers. For more from Veeam, click here.

Vultr and Run:ai deliver advanced NVIDIA GPU orchestration

Vultr, the privately held cloud computing platform, today announced that Run:ai, a leader in AI optimisation and orchestration, is the latest ecosystem partner to join its Cloud Alliance. Run:ai’s advanced AI workload orchestration platform, coupled with Vultr’s robust, scalable cloud infrastructure - including Vultr Cloud GPUs, accelerated by NVIDIA computing technologies and Vultr Kubernetes Engine - provides the enhanced computational power needed to accelerate AI initiatives across Vultr’s global network of 32 cloud data centre locations. As businesses across industries look to deploy their AI initiatives, they often grapple with scaling AI training jobs, fragmented AI development tools, and long queue times for AI experimentation. The partnership between Vultr and Run:ai addresses these challenges, offering a cutting-edge solution that enhances resource utilisation, supports rapid AI deployment, and provides customisable scalability through their integrated infrastructure and advanced AI workload orchestration. “Enterprises around the world are vying to deploy transformative, AI-driven solutions,” says Sandeep Brahmarouthu, Head of Global Business Development at Run:ai. “Our partnership with Vultr will give these organisations a comprehensive solution suite designed to address the technical challenges of AI project development. Now, businesses are empowered with unparalleled adaptability, performance, and control, setting a new standard for AI in today’s rapidly evolving digital landscape.” Vultr’s scalable infrastructure guarantees unified AI stack management, thanks to seamless integrations with existing Cloud Alliance partners, Qdrant and Console Connect. Qdrant, a high-performance vector database with retrieval-augmented generation (RAG) capabilities, manages and queries large volumes of vector data, enhancing tasks like similarity search and recommendation systems. Console Connect facilitates private, high-speed networking to ensure secure, low-latency data transfer between these components, optimising the overall AI/ML pipeline. Now, Run:ai has become the newest member of the Cloud Alliance, with its advanced AI workload orchestration platform. This integrated stack, centred around Vultr, provides a robust, scalable, and efficient solution for handling the most demanding AI/ML workloads. As a result, customers can benefit from: • Enhanced GPU utilisation – Maximise GPU efficiency with Run:ai’s dynamic scheduling and fractional GPU capabilities, reducing idle times and optimising resource use on Vultr’s scalable infrastructure.• Accelerated AI development – Speed up AI development cycles with Vultr’s high-performance cloud infrastructure and Run:ai’s comprehensive orchestration platform, reducing time to market for AI models.• Simplified lifecycle management – Streamline the entire AI lifecycle from development to deployment with integrated tools for dynamic resource allocation, efficient training, and comprehensive monitoring.• Cost-effective operations – Minimise operational costs with Vultr’s affordable cloud solutions and Run:ai’s efficient resource management, ensuring economical AI project execution.• Robust security and compliance – Bolster the security and compliance of AI workloads with advanced features like role-based access control and detailed audit logs, backed by Vultr’s secure infrastructure. Kevin Cochrane, CMO of Vultr, comments, “We are committed to giving our customers the best-of-breed technologies needed to help achieve their business goals. By partnering with Run:ai, we’ve provided a unique solution tailored specifically for AI workloads. Our integrated platform will not only ensure high performance and cost efficiency for customers worldwide, but also give them the agility needed to navigate the evolving demands of modern AI environments.” Vultr is a member of the NVIDIA Partner Network. For more from Vultr, click here.

Cerabyte secures investment from Pure Storage

Cerabyte, a provider of ceramic-based data storage solutions, has announced a strategic investment from Pure Storage, the IT pioneer that delivers an advanced data storage platform, to help enable sustainable immutable data storage solutions. Additionally, John (Coz) Colgrove, Founder and Chief Visionary Officer of Pure Storage, joins Cerabyte’s Board of Directors. Cerabyte’s vision is to store all data virtually forever and preserve today’s digital records for future use through the use of its ceramic data storage technology. With Pure Storage delivering the platform to store, manage, and protect the world's data, this strategic investment in Cerabyte will enable the company to extend this mission further. “Pure’s investment in Cerabyte and joint partnership will allow us to offer our customers sustainable and immutable data storage solutions that are revolutionising the industry,” says John (Coz) Colgrove, Founder and Chief Visionary Officer, Pure Storage. “By disrupting the archival storage market, we are paving the way for longer lasting and easier to manage long-term storage.” Cerabyte enables a new tier of accessible, permanent, and sustainable data storage that is projected to extend from petabyte to exabyte-scale data centre racks. The persistent media technology can hold data for extremely long periods of time while consuming no power. “The complex global needs of zettabyte-scale archival storage have been poorly served with expensive solutions that consume an inordinate share of the world’s available energy,” says John Monroe, Chief Analyst at Furthur Market Research. “The storage industry is ripe for transformative disruption. In concert and conjunction with tape, new technologies such as Cerabyte’s will be required to provide viable and cost-effective solutions to enterprise customers’ crucial challenges with the security, immutability and sustainability (SIS) of their vital data.” Cerabyte’s ceramic-based data storage does not suffer from bit rot or silent corruption, which threatens data integrity over time. Instead, it provides an immutable record of the original data required in an increasing number of use cases, especially in the era of AI. “As the industry is heading towards the Yottabyte Era, sustainable data storage — which eliminates the need for data migration and thereby scales down the energy footprint and TCO — will be critical to harness the data tsunami ahead,” notes Christian Pflaum, CEO, Cerabyte. “We are thrilled to partner with Pure Storage to commercialise ceramic data storage and welcome John to our Board of Directors.” For more from Pure Storage, click here.

R&M receives gold medal for sustainability

R&M, the globally active Swiss developer and provider of high-end infrastructure solutions for data and communications networks, has received the EcoVadis Gold Medal for sustainability. As it has every year since 2016, the EcoVadis ranking platform recently analysed and evaluated R&M’s environmental, social and ethical performance. The assessors awarded the company 78 points (out of 100), thus granting R&M 'Gold status'. According to EcoVadis, R&M ranks among the top 5% of all companies rated in the past 12 months. Furthermore, in the 'Manufacture of cables and network technologies' sector, R&M ranks in the top 1% of manufacturers assessed. "By awarding us the gold medal, EcoVadis recognises our significantly increased commitment to value-oriented sustainability. The EcoVadis assessment confirms that our sustainability measures are credible, verifiable and viable," says R&M CEO, Michel Riva. "Over the past few months, R&M has broadened its perspective to include every stage of the value-added process and the entire supply chain," reports R&M COO and Sustainability Officer, Markus Stieger. "Another milestone was the identification of all factors with which we can balance greenhouse gas emissions in Scope 1, 2 and 3. This enabled R&M to create a scientifically sound basis last year for the strategic goal of net zero. More than two-thirds of R&M’s suppliers use a standardised environmental management system. R&M is working intensively on integrating the circular economy into all company-wide processes. The managing directors and sustainability ambassadors from all R&M organisations are working closely together. R&M has globally standardised its own standards for personnel management, labour and human rights on the basis of the International Labour Organisation (ILO). The EcoVadis rating is regarded internationally as a benchmark for the progress made by companies in the various spheres of activity relating to sustainability. The list of criteria includes climate and environmental protection, labour and human rights, procurement, business ethics and the documentation of sustainability measures. For more from R&M, click here.

Gcore raises $60m in Series A funding to drive AI innovation

Gcore, the global edge AI, cloud, network, and security solutions provider, has secured $60 million (£46.4m) in Series A funding from institutional and strategic investors. Led by Wargaming, and with participation from Constructor Capital and Han River (HRZ), this marks the company’s first external capital raise since its inception more than 10 years ago. The funds will be strategically invested in Gcore’s technology and platform, including cutting-edge AI servers powered by NVIDIA GPUs, to drive AI-led innovations. Gcore says that the investment underscores its commitment to delivering advanced edge AI solutions that enhance cloud resource efficiency and ensure data sovereignty. Public organisations, telcos, and global corporations entrust Gcore with their edge workloads due to its expansive network, strong presence in emerging markets, and proven cloud capabilities in AI training and inference. Gcore serves customers across diverse industries, including media and entertainment, gaming, technology, financial services, and retail. Built for the edge and addressing a $200 billion-plus market opportunity, Gcore’s cloud infrastructure powers both the training of large language models (LLMs) and 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 more than 25 cloud locations, with a total network capacity exceeding 200 Tbps. Sean Lee, Chief Corporate Development Officer of Wargaming, comments, "Gcore has been our partner for over 10 years, helping us to deliver games to hundreds of millions of players worldwide. We are excited to support the company on this journey and look forward to helping them become uniquely positioned to lead high-speed AI model training and inference anywhere in the world." Matthias Winter, Managing Partner of Constructor Capital, adds, "Constructor Capital is excited to invest in Gcore, a leading player in the AI IaaS space, in a booming market with CAGRs of over 40%. We believe in Gcore’s unique value proposition as a comprehensive provider offering a wide range of edge solutions, high automation, attractive TCO, extremely low latency, and an experienced management team. We look forward to a successful journey together in the years to come." Christopher Koh, Managing Partner of HRZ, notes, “We are thrilled to invest in Gcore for its forward-thinking approach to global low-latency AI infrastructure and innovative edge AI solutions. We are especially impressed by its leadership in APAC, collaboration with world-class partners, and strategic alignment with emerging AI opportunities in the region.” Lastly, Andre Reitenbach, CEO of Gcore, says, “We are on the cusp of an AI revolution that will transform how companies operate. Gcore is perfectly positioned to connect the world to AI, anywhere and anytime, by delivering innovative AI, cloud, and edge solutions. The growing demand for AI infrastructure from enterprises and SMBs alike highlights the importance of this significant investment. We are thrilled by the support of investors like Wargaming, Constructor Capital, and Han River Partners as we enhance our extensive network of AI servers and reinforce the powerful edge services we offer.” For more from Gcore, click here.