CoreWeave Raises $1.1 Billion in Funding to Expand Specialized AI Cloud Services.
CoreWeave is a leading GPU cloud provider with a rapidly expanding footprint across the US, currently operating 14 data centers and having significantly grown its team.
Company Name: CoreWeave
Location: Roseland, NJ, USA
Sector: Specialized Cloud Services for AI
Funding Details: Raised $1.1 billion in new funding led by Coatue, with participation from Magnetar, Altimeter Capital, Fidelity Management & Research Company, and Lykos Global Management.
Purpose of Investment: To expand operations geographically and across all areas of the business.
Leadership: Led by CEO Mike Intrator.
Product: CoreWeave provides a specialized GPU cloud designed for complex workloads including machine learning and AI, graphics, life sciences, and real-time streaming, offering customized solutions at scale.
About Company: CoreWeave is a leading GPU cloud provider with a rapidly expanding footprint across the US, currently operating 14 data centers and having significantly grown its team.
