G42 is an Abu Dhabi-based AI firm that has become a central part of the UAE’s push to be a global leader in artificial intelligence. The company operates a data platform and develops AI products across industries including financial services, healthcare, energy, government and education. G42 has existing partnerships with major U.S. companies such as Microsoft, Dell and OpenAI (the latter beginning in 2023). The firm has been trimming Chinese exposure, divesting China-related assets including ties to ByteDance and announcing plans to phase out Chinese hardware. G42’s profile has drawn geopolitical scrutiny given reported commercial relationships with Chinese firms like Huawei, BGI and Tencent and the background of CEO Peng Xiao. The company is positioning itself to scale AI development in the region while navigating increasing U.S.-China tensions. G42 is a leading artificial intelligence and cloud computing company based in Abu Dhabi that develops holistic and scalable technology solutions. Its offerings span AI, cloud computing, and industry solutions used to digitize large enterprises, improve regional healthcare, and enhance government services. Over the past year G42 partnered with the Abu Dhabi Department of Health on COVID-19 pandemic management, providing scalable diagnostics and supporting a nationwide vaccine rollout. The company has expanded through acquisitions of Injazat (digital transformation IT services) and Khazna Data Centers (commercial wholesale data center provider), and in 2020 became the first UAE-based company to establish an office in Israel. G42’s business verticals include healthcare, smart city, fintech, oil and gas, utilities, education, aviation and sports. Proceeds from the recent investment will be used to help G42 scale in the UAE and international markets.

Total raised

$1.5B

Funding rounds

2

Latest round

Equity

Latest activity

Apr 2024