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Core42

2 articles

UAE Startups Funding Roundup June 2026: This Week's Biggest Deals and What They Signal

Abu Dhabi's Core42 locked in $550M from HSBC this week in one of the region's largest-ever AI infrastructure financing deals, as UAE startups continued to hold their ground against a tough MENA funding environment. With fintech, proptech, and AI all driving activity, here is what this week's deals reveal about where Gulf capital is actually going.

Dubai Startups Daily Editorial Team

Jun 2, 2026 3 min

Funding

Core42 Locks In $550M from HSBC to Fuel Its Global AI Infrastructure Push

Abu Dhabi-based AI infrastructure operator Core42 has secured a $550 million structured trade finance facility from HSBC, one of the largest AI-dedicated financing deals ever recorded in the region. The funding will fast-track the company's international cloud and high-performance compute expansion as global appetite for AI infrastructure hits record levels.

Editorial Team

Jun 1, 2026 3 min

Core42

UAE Startups Funding Roundup June 2026: This Week's Biggest Deals and What They Signal

Core42 Locks In $550M from HSBC to Fuel Its Global AI Infrastructure Push

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