CoreWeave, a start-up deploying cloud infrastructure optimized for large-scale GPU-accelerated workloads, secured $1.1 billion in new funding.
The new funding round was led by Coatue, with participation from Magnetar who led the last primary round, as well as Altimeter Capital, Fidelity Management & Research Company, and Lykos Global Management.
CoreWeave says the new funding will be used for expansion into new geographic regions to meet the explosive demand for GPU accelerated cloud infrastructure worldwide.
"CoreWeave continues to push forward as a provider of critical infrastructure in the development of AI, and the high caliber of investors who continue putting their trust in us validates the enormous opportunity we have to define the next generation of cloud computing," said Mike Intrator, co-founder and CEO of CoreWeave. "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."
