Coredge.io offers secure, compliant AI and cloud services, ensuring data sovereignty.
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Acquisition will enable AI-driven sovereign cloud innovations and accelerate research and development efforts to ensure a nation’s data stays within its borders.
“Coredge’s has demonstrated a global presence with the ability to scale solutions through sovereign AI cloud services that are globally available but locally operable,” said Ajay Bhatia, CEO of Sirius International Holding.
Abu Dhabi, UAE, July 16, 2024: Sirius Digitech Limited, a joint venture between the Adani Group and Sirius International Holding (Sirius), a subsidiary of International Holding Company (IHC), has signed binding agreements for the acquisition of Coredge.io Private Limited, a cutting-edge sovereign AI and cloud platform company.
“As nations increasingly prioritize data security, it is more important than ever that organizations have the option to retain their data within national borders rather than relying solely on the public cloud. Sovereign data centers have become extremely important for protecting sensitive information and maintaining national security, given the exponential growth in artificial intelligence-driven demand for computation and the sovereign data stack,” said Jeet Adani, Director of Adani Group. “An additional benefit of this acquisition is our ability to put AI capabilities directly in the hands of organizations that require specialized sovereign cloud services for AI training and inferencing.”
“Coredge’s has demonstrated a global presence with the ability to scale solutions through sovereign AI cloud services that are globally available but locally operable,” said Ajay Bhatia, CEO of Sirius International Holding. “This step underscores our commitment to offering a portfolio of secure, trusted, and localized cloud AI technologies to our customers and partners.”
“Partnering with Sirius marks an exciting new chapter for our sovereign AI and cloud platform business, both in India and globally,” said Arif Khan, CEO of Coredge.io. “Together, we can accelerate the development and delivery of advanced AI services while upholding security, privacy, and digital sovereignty principles, helping customers across the globe drive technological transformation while complying with their data ethics principles.”
Coredge is a promising venture with an innovative approach to sovereign cloud technology, offering highly secure, scalable, and designed-for-AI cloud solutions tailored for government and enterprise clients. Its expertise in accelerating hyperlocal cloud service providers with stringent data sovereignty and compliance measures has positioned it as a leader in the field.
Coredge aims to build the complete solution stack for sovereign data centers that will include everything from bare metal servers to services, like Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) built on open-source technologies, to enable Sirius Digitech to provide Machine Learning as a Service (MLaaS) as applications get built on its infrastructure.
Sirius Digitech remains committed to supporting and investing in Coredge’s sovereign AI and cloud platform business, meeting evolving customer requirements worldwide.
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