CoreWeave Raises $1.1 Billion in Series C Funding to Scale AI Cloud Infrastructure
CoreWeave offers a cloud infrastructure that's specifically tailored for high-performance compute challenges.
Company Name: CoreWeave
Location: Roseland, NJ
Sector: Technology, Artificial Intelligence
Funding Details: Raised $1.1 billion in Series C funding. The round was led by Coatue, with participation from Magnetar, Altimeter Capital, Fidelity Management & Research Company, Lykos Global Management, funds managed by Blackstone, Eric Schmidt, and Jane Street Group.
Purpose of Investment: To support growth and expand into new geographic regions to meet the demand for GPU accelerated cloud infrastructure worldwide.
Leadership: Led by CEO Mike Intrator.
With this new round, we will continue investing in and working with the largest AI enterprises in the world. - CEO Mike Intrator
Product: CoreWeave specializes in providing customized cloud solutions for AI workloads, managing complexity through automation. Its technology supports a broad range of applications, including machine learning and AI, graphics and rendering, life sciences, and real-time streaming.
About Company: CoreWeave offers a cloud infrastructure that's specifically tailored for high-performance compute challenges. With a growing presence of data centers across the US, the company continues to expand its operations. Following significant investments in the past year, including a $642M secondary investment and a $2.3 billion debt financing facility, CoreWeave is strengthening its capacity to serve the largest AI enterprises globally.
