CoreWeave Raises $650M Credit Facility to Expand AI Cloud Solutions

CoreWeave is a provider of cloud infrastructure solutions designed to accelerate AI workloads, delivering cutting-edge capabilities for AI, graphics, life sciences, and more.

Company Name: CoreWeave
Location: Roseland, NJ
Sector: AI, Cloud Computing, Accelerated Computing
Funding Details: Received a $650M credit facility from backers including JPMorgan Chase, Goldman Sachs, and Morgan Stanley, with participation from Barclays, Citi, Deutsche Bank, Jefferies, Mizuho, MUFG, and Wells Fargo.

Purpose of Investment: The company will use the funds to continue scaling its global operations and provide customers with the infrastructure necessary to power next-generation AI innovation.

Product and Innovation: CoreWeave offers cloud infrastructure specifically designed for AI workloads, enabling organizations to manage complexity through automation. The company’s platform supports a broad range of use cases, including machine learning and AI, graphics and rendering, life sciences, and real-time streaming. Its data centers, which span across the US, provide the necessary power and scalability for cutting-edge AI applications.

About the Company: CoreWeave is a leading provider of cloud infrastructure solutions designed to accelerate AI workloads, delivering cutting-edge capabilities for AI, graphics, life sciences, and more. With a growing footprint of data centers and a commitment to innovation, the company supports some of the most complex AI workloads in the world, empowering businesses to scale their AI efforts efficiently. The company has raised significant capital to drive its global expansion and provide first-to-market solutions for next-gen AI applications.

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