G42
Growth Score40DXBi Rank1Heat Score100Group 42 Holding Ltd
Abu Dhabi-based artificial intelligence and technology holding group.
Media
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AI energy firm born out of ADNOC and G42 eyes US
Banco Santander AI Partnership: Strategic MOU / Co-Development Partnership
Cerebras Systems — India AI Supercomputer Deployment: Technology Deployment Agreement
G42-linked chipmaker Cerebras jumps in first day on Nasdaq
G42 and Publicis Sapient joint venture exploration
G42-FPT Corp-Viet Thai Group Vietnam data centre consortium
G42 signs $1 billion sovereign AI and cloud infrastructure agreement in Vietnam
Abu Dhabi's G42 to build 'agent factory' to manage self-running AI systems
Abu Dhabi-based G42 taps out of Cerebras
Microsoft and G42 expand UAE data centre capacity by 200MW via Khazna
Stargate UAE AI infrastructure project
G42 Acquires CPX
Core42 formed from merger of G42 Cloud, Inception and Injazat
G42 Acquires Bayanat
Overview
Total Funding
$1.5B
Valuation $20.0B
Growth Score
Steady
Heat Score
Trending up
Details
- Also Known As
- Group 42
- Operating Status
- Active
- Company Type
- Private
- Funding Stage
- Private Equity
- Headquarters
- Abu Dhabi, UAE
- Founded
- 2018
- Company Size
- 1000+ employees
- Website
- g42.ai
Products & Services
Core42
Sovereign AI cloud and infrastructure division (compute, cloud, generative AI platform services); formed October 2023, with a New York deployment for U.S. AI infrastructure.
Khazna Data Centers
Data center operator; the largest data center provider in the UAE (includes a 100MW Ajman facility announced 2024).
Presight
AI-powered big-data analytics company; publicly listed on the Abu Dhabi Securities Exchange, reports its own quarterly financial results.
M42
Integrated healthcare technology group formed by merger in April 2023; 20,000+ employees and 480+ clinics/facilities.
AIQ
AI joint venture with ADNOC focused on applying AI to the energy/oil-and-gas sector.
Space42
Satellite communications and geospatial-AI company formed from the 2024-2025 merger of Bayanat and Yahsat.
Inception
AI research institute within G42; developer of the Jais Arabic-English large language model (2023).
AstraTech
Consumer technology / digital services platform.
CPX
Cybersecurity and physical security solutions provider, acquired by G42 in 2024.
Malaffi
UAE regional Health Information Exchange platform for the MENA healthcare sector.
Hassantuk
Fire and life-safety monitoring/protection solution.
TXAI
Autonomous ride-hailing service, listed as a G42 offering on the official site.
G42 Alpha Touchpoint
Voice-driven generative AI interface product.
People
Technology
No technology or web presence data on file yet.
Financials
Private Equity
Funding stage
$1.5B
Total raised
$20.0B
Valuation
Funding rounds
Projects
G42-led $1 billion Vietnam data center and AI infrastructure project
G42 is leading commitments of as much as $1 billion, alongside Vietnam's FPT Corp and Viet Thai Group, to build data centers and cloud computing infrastructure in Vietnam as part of G42's expansion beyond the Gulf.
$1.0B
Feb 9, 2026
Core42 formed from merger of G42 Cloud, Inception and Injazat
G42 merged its G42 Cloud, Inception and Injazat businesses to form Core42, a unified national-scale enterprise cloud and AI platform.
Oct 1, 2023
Cerebras Systems strategic relationship (customer/investor)
G42 held roughly a 1% equity stake in Cerebras Systems (acquired 2021, ~$40M) and in May 2024 committed to purchase $1.43 billion of Cerebras products/services, later agreeing to buy further Series F-1 preferred shares (~$335M). G42 accounted for a majority of Cerebras revenue in H1 2024 as its largest customer, but had divested its equity stake by December 2025 while remaining a customer.
$1.4B
May 1, 2024
G42 Acquires CPX
G42 acquired Abu Dhabi-based cybersecurity firm CPX (400+ specialists) to integrate advanced cybersecurity capabilities across G42's AI value chain. Financial terms not disclosed.
Oct 8, 2024
AIQ - ADNOC/G42 (via Presight) AI Joint Venture
AIQ, the AI joint venture originally formed by ADNOC and G42 for the oil and gas industry (later restructured with Presight holding 51% and ADNOC 49%), announced a $340 million contract for large-scale deployment of agentic AI across ADNOC operations.
$340M
Aug 15, 2026
G42 Acquires Bayanat
G42 acquired Bayanat for Mapping and Surveying Services LLC, an Abu Dhabi-based geospatial data products and services provider (Bayanat later merged with Yahsat to form Space42).
Jan 14, 2020
G42 and Publicis Sapient joint venture exploration
G42 and Publicis Sapient announced a partnership to explore creation of a joint venture.
Mar 1, 2026
G42-FPT Corp-Viet Thai Group Vietnam data centre consortium
G42 signed a consortium agreement with Vietnamese firm FPT Corp and Viet Thai Group in Ho Chi Minh City to build three data centres and cloud computing services in Vietnam, with up to US$1 billion in consumption commitments. Exact investment figures, timeline and capacity were not disclosed.
$1.0B
Feb 9, 2026
G42 acquisition of CPX
G42 acquired CPX Holding, an Abu Dhabi-based cyber and physical security solutions company (founded 2022, 600+ specialists), in 2024. CPX has since continued expanding its offerings, e.g. launching a 24/7 Digital Forensics and Incident Response (DFIR) service.
Jan 1, 2024
Bayanat-Yahsat merger to form Space42
Shareholders of Bayanat AI and Al Yah Satellite Communications (Yahsat) - both ADX-listed and within the G42/Mubadala portfolio - approved a merger at General Assembly Meetings on April 25, 2024, creating SPACE42, an AI-powered space-technology company combining satellite communications, geospatial analytics and AI. Combined 2023 revenue was cited at AED 2.8 billion.
Apr 25, 2024
Stargate UAE AI infrastructure project
G42 partnered with OpenAI, Oracle, NVIDIA, SoftBank and Cisco to launch the Stargate UAE project, a large-scale AI infrastructure cluster in Abu Dhabi announced around May 2025 and targeted to begin operations in 2026.
May 1, 2025
Cerebras Systems — India AI Supercomputer Deployment: Technology Deployment Agreement
Technology Deployment Agreement involving Cerebras Systems — India AI Supercomputer Deployment (Artificial Intelligence / Compute Infrastructure).
May 15, 2026
Banco Santander AI Partnership: Strategic MOU / Co-Development Partnership
Strategic MOU / Co-Development Partnership involving Banco Santander AI Partnership (Artificial Intelligence / Banking).
Jun 4, 2026
G42 signs $1 billion sovereign AI and cloud infrastructure agreement in Vietnam
G42 and a Vietnamese consortium comprising FPT Corporation and Viet Thai Group signed a framework agreement to build sovereign AI and cloud infrastructure across Vietnam.
$1.0B
Feb 9, 2026
Microsoft and G42 expand UAE data centre capacity by 200MW via Khazna
Microsoft and G42 announced a 200-megawatt data centre capacity expansion in the UAE, delivered via G42 subsidiary Khazna Data Centers.
Nov 17, 2025
G42 signs deployment agreement for Cerebras AI supercomputer in India
G42, backed by Mubadala, signed an agreement to deploy a 64-system Cerebras AI supercomputer for the Government of India.
May 15, 2026
G42 signs AI partnership MOU with Banco Santander
G42 subsidiaries Inception and Presight signed a memorandum of understanding with Banco Santander to explore strategic AI cooperation.
Jun 4, 2026
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