🤖 Search 5,000+ AI tools Ask our bot for help →

Discover the latest tools and trends in AI 🔮

Join 60,000+ subscribers including Amazon, Apple, Google, and Microsoft employees reading our free newsletter.

[email protected] Subscribe

CoreWeave Secures $1.1B in Series C Round

CoreWeave Secures $1.1B in Series C Round
CoreWeave Secures $1.1B in Series C Round

CoreWeave, based in Roseland, NJ, raised $1.1 Billion in Series C funding for AI cloud infrastructure solutions.

The round was led by Coatue, with significant participation from Magnetar, Altimeter Capital, Fidelity, Lykos Global, Blackstone, Eric Schmidt, and Jane Street Group.

CoreWeave will use the funds to expand geographically and enhance its GPU-accelerated cloud services. CEO Mike Intrator emphasized ongoing investments to serve top AI enterprises worldwide.

In the past year, CoreWeave scaled its data centers from three to 14 and grew its workforce fourfold, securing sizeable financing rounds and solidifying its position in the high-performance computing sector.

Comments