CoreWeave is a cloud-based computing power and infrastructure provider that offers accessible and affordable technology. CoreWeave is unique in that it is one of the few cloud computing providers that utilize graphics processing units (GPUs) instead of central processing units (CPUs) in its data centers. This has made CoreWeave a leader in the field of GPU cloud computing, which is ideal for workloads that require high-bandwidth and low-latency performance, such as AI and machine learning applications.
CoreWeave has raised $1.1 billion in a Series C funding round, bringing the company’s valuation to $19 billion. The round was led by Fidelity Management along with Coatue, Lykos Global Management, Altimeter Capital, and Magnetar.
CoreWeave, Roseland, New Jersey, United States, was founded in 2017 by Michael Intrator, Brian Venturo, and Brannin McBee. “CoreWeave is designed specifically to tackle the most complex and pressing challenges in high performance compute. With this new round, we will continue investing in and working with the largest AI enterprises in the world,” noted CoreWeave co-founder and CEO Mike Intrator.
