CoreWeave is an AI cloud platform operator providing computing power for blockchain and other advanced initiatives. Optimized for high-performance computing, CoreWeave leverages GPUs and specialized hardware to accelerate everything from 3D rendering to large language models. By removing the steep upfront costs typically associated with such technologies, CoreWeave enables organizations to harness the full potential of generative AI, scientific research, and complex computational tasks affordably and efficiently.
CoreWeave recently closed a $650 million secondary share sale to investors, valuing the company at $23 billion. Leading the investment were Jane Street, Magnetar, Fidelity Management, and Macquarie Capital, underscoring the rising interest in cloud infrastructure for generative AI.
CoreWeave, Roseland, New Jersey, United States, was founded in 2017 by Brannin McBee, Brian Venturo, and Michael Intrator. In 2023, the company joined the unicorn club. Positioned to lead the AI cloud infrastructure space, CoreWeave drives innovation across industries, making high-performance computing more accessible than ever. The company’s rapid rise reflects the growing demand for specialized cloud solutions tailored to the needs of AI and complex computational workloads.
CoreWeave Raises $650 Million at a $23 Billion Valuation