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- G42
G42 Funding, Investors & Competitors
G42 has raised $2.3B across 2 funding rounds, most recently a $1.5B strategic investment round in April 2024.
Last G42 funding round
$1.5B
Strategic investment · Apr 2024
Cumulative funding G42 raised
$2.3B
across 2 funding rounds
Key investors in G42
Microsoft
Silver Lake
About G42
G42 is an Abu Dhabi-headquartered AI and cloud computing company building platforms for healthcare, energy, and space sectors. The company develops large language models like Jais and partners with Microsoft on OpenAI technologies, operating data centers with over 10,000 GPUs. G42 delivers vertical solutions for genomics sequencing and cybersecurity to clients across the UAE and international markets.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
G42 Funding History
G42 has raised a total of $2.3B across 2 funding rounds.
G42's first fundraising round was a $800M undisclosed-stage round in April 2021. The most recent completed round was a $1.5B strategic investment round in April 2024.
G42 funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Apr 2024 | Strategic investment | Microsoft (lead) | $1.5B | G42 is a UAE-based artificial intelligence holding company focused on developing generative AI and next-generation infrastructure for sectors including financial services, healthcare, energy, government, and education. In April 2024, Microsoft announced a $1.5 billion strategic investment in G42 for a minority stake, with Microsoft Vice Chair Brad Smith joining G42’s board of directors. The partnership involves G42 migrating its data platform and technology infrastructure to Microsoft Azure to leverage its performance, scalability, and security for AI applications. It is backed by assurances to U.S. and UAE governments for secure and responsible AI development, following G42's divestment from Chinese technology ties amid U.S. concerns. The deal positions Microsoft to expand AI solutions across the Middle East, Central Asia, and Africa, including a joint $1 billion fund for developers to boost AI skills in the UAE and region. This marks one of Microsoft's largest AI investments, highlighting geopolitical dynamics in the U.S.-China tech competition. |
| Apr 2021 | Undisclosed stage | Silver Lake (lead) | $800M | The investment aimed to scale G42's operations in the UAE and international markets across sectors like energy, healthcare, and finance. Silver Lake's managing partner Egon Durban joined G42's board as part of the deal. G42, chaired by Sheikh Tahnoun bin Zayed Al Nahyan, provides AI and cloud technologies, operates the world's 26th-most powerful supercomputer, and has partnerships such as with Serco for government tech adoption. Prior to the Silver Lake deal, Mubadala invested in G42. |
Who has invested in G42?
2 investors have backed G42 across its funding rounds, including Microsoft and Silver Lake.
Lead investors include Microsoft and Silver Lake.
G42 Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 G42 investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by G42
G42 has acquired 1 company to date.
Last acquisition by G42 was on January 14th 2020. G42 acquired Bayanat for undisclosed valuation.
Latest Acquisitions by G42
| Description | - |
| HQ Country | |
| HQ City | - |
| Deal Date | 14 Jan 2020 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all G42 acquisitions and their M&A valuation multiples. Start Free Trial | |
Investments by G42
G42 has invested in 7 companies to date.
Latest investment by G42 was on February 25th 2025. G42 invested in Khazna in their $2.2B Secondary round.
Latest Investments by G42
| Description | Khazna is a Dubai-headquartered operator of wholesale data centers across the UAE. It designs, builds, and manages Tier III-certified facilities in locations including Abu Dhabi, Dubai, and Sharjah, delivering carrier-neutral colocation, cloud connectivity, and managed hosting services. The company supports hyperscale deployments with capacities exceeding 100 MW, emphasizing seismic-resistant structures, advanced cooling systems, and 100% uptime SLAs. Khazna serves telecom operators, financial institutions, and government entities, expanding to Saudi Arabia with a 30 MW facility launched in 2023. | AppliedAI is a New York-based developer of AI platforms for regulated industries including banking, healthcare, and insurance. Its Opus platform automates compliance workflows using Large Work Models and Knowledge Graphs, processing 1 million+ documents monthly with 99.9% audit traceability. Deployed at JPMorgan Chase and Pfizer, the system incorporates human-in-loop verification and FedRAMP security. Founded in 2022, AppliedAI raised $20 million in Series A funding and expanded to EU markets in 2024. | Tools for Humanity is a technology company advancing blockchain and digital identity solutions amid AI proliferation. It contributes to the World Network ecosystem, developing iris-based World ID verification tools. Based in San Francisco, projects accessible at toolsforhumanity.com. | ByteDance is a Chinese multinational technology company founded in 2012 and headquartered in Beijing, best known as the developer of TikTok — the short-form video platform with over one billion active users globally — as well as its Chinese equivalent Douyin. The company operates a broad portfolio of content and information platforms powered by proprietary AI-driven recommendation algorithms, including the news aggregator Toutiao, the productivity suite Lark, the video editor CapCut, and the online education platform Feishu. ByteDance is one of the world's most valuable private companies and operates across more than 150 markets, employing over 100,000 people worldwide. | |
| HQ Country | |||||
| HQ City | Dubai | Abu Dhabi | San Francisco, CA | Beijing | |
| Deal Date | 25 Feb 2025 | 10 Feb 2025 | 25 May 2023 | 14 Mar 2023 | |
| Round | Secondary | Series A | Series C | Secondary | |
| Raised | $2.2B | $55M | $115M | $100M | |
| Investors | MGX; Silver Lake | Palantir; e&; Accrete Capital; Bessemer Venture Partners; Middle East Venture Partners (MEVP); McKinsey & Company | a16z crypto; Distributed Global; Blockchain Capital; Bain Capital Crypto | - | |
| Valuation | $5.5B | $355M | undisclosed | $220B | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all G42 investments and their VC round multiples. Start Free Trial | |||||
G42 Competitors
G42 competitors include listed companies like NVIDIA, Alphabet, Microsoft and Amazon, and private ones like Anthropic and OpenAI.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $216B | $142B | $5.3T | 15.6x | ||
| Publicly listed | $403B | $176B | $4.2T | 8.7x | ||
| Publicly listed | $332B | $205B | $3.7T | 10.7x | ||
| Publicly listed | $717B | $161B | $2.7T | 3.5x | ||
| Private | $47B | - | $965B | 20.5x | ||
| Private | $25B | - | $852B | 34.1x |
G42 Public Comps
G42 is still privately-owned, but its public comps include NVIDIA, Alphabet, Microsoft, Amazon, TSMC, Meta, Broadcom, Samsung, AMD and ASML.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $216B | $142B | 24.4x | 15.6x | 37.1x | 23.8x | |||
| $403B | $176B | 10.2x | 8.7x | 23.3x | 19.0x | |||
| $332B | $205B | 11.1x | 10.7x | 18.0x | 17.5x | |||
| $717B | $161B | 3.9x | 3.5x | 17.5x | 13.8x | |||
| $120B | $83B | 15.9x | 12.1x | 22.9x | 16.6x | |||
| $201B | $104B | 8.8x | 7.4x | 17.0x | 12.7x | |||
| $64B | $34B | 26.5x | 16.8x | 49.3x | 24.7x | |||
| $243B | $67B | 4.4x | 2.4x | 15.8x | 4.4x | |||
This data is available for Pro users. Sign up to see all G42 competitors and their valuation data. Start Free Trial | ||||||||
Common questions about G42
| When was G42 founded? | G42 was founded in 2018. |
| Where is G42 headquartered? | G42 is headquartered in Abu Dhabi, UAE. |
| Is G42 publicly listed? | No, G42 is a private, VC-backed company. |
| How much funding has G42 raised? | G42 has raised $2.3B across 2 funding rounds. |
| What was G42's last funding round? | G42's last funding round was a $1.5B strategic investment round in April 2024, led by Microsoft. |
| Who are G42's investors? | G42's investors include Silver Lake and Microsoft. |
| Which companies are comparable to G42? | Companies comparable to G42 include NVIDIA, Alphabet, Microsoft, Amazon, Anthropic and OpenAI. |
| How many companies has G42 acquired? | G42 has acquired 1 company, including Bayanat. |
| How many companies has G42 invested in? | G42 has invested in 7 companies, including Khazna, AppliedAI, Tools For Humanity, ByteDance, InstaDeep, Beyond Limits and Jollychic. |
| What was G42's last investment? | In February 2025, G42 invested in Khazna's $2.2B secondary sale alongside MGX and Silver Lake. |
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