Thursday, August 3, 2023

CoreWeave secures $2.3 billion debt financing for its GPU cloud

CoreWeave, a specialized cloud provider built for large-scale GPU-accelerated workloads, secured $2.3 billion in debt financing led by Blackstone and Magnetar with participation from Coatue, DigitalBridge, BlackRock, PIMCO,  Carlyle and Great Elm.

The company says the debt facility provides the financial headroom and flexibility to scale and to continue acquiring cutting edge technology.

Coreweave recently announced a new $1.6 billion data center in Texas, its first facility in the state. 

Last month, CoreWeave reported record-breaking performance results on the MLPerf benchmark.  

https://www.coreweave.com/