$12 Billion in the last 12 Months!
About: CoreWeave is an AI hyperscaler providing scalable, customized solutions for complex workloads. Their technology supports machine learning, AI, graphics, life sciences, and real-time streaming. With top-tier teams and engineering talent, CoreWeave ensures rapid deployment of advanced computing. They operate a growing network of data centers across the US.
Recent Funding: CoreWeave has secured a massive $7.5 billion debt financing facility, led by Blackstone, with support from Magnetar, Coatue, Carlyle, CDPQ, DigitalBridge Credit, BlackRock, Eldridge Industries, and Great Elm Capital Corp. This milestone will propel their mission to develop cutting-edge AI infrastructure at an unprecedented scale.
Key highlights:
1. Over $12 billion raised in the last 12 months, including a $1.1 billion Series C in May 2024 and a $2.3 billion debt financing in August 2023.
2. New European HQ in London with a $1.25 billion investment in the region.
3. Expansion from 3 to 14 data centers in 2023, with plans to reach 28 by the end of 2024.
4. Strategic endorsements from major investors like Blackstone and Magnetar, highlighting CoreWeave's pivotal role in AI innovation.
5. Delivering high-power infrastructure tailored for top AI labs and enterprises, driving the next generation of AI technology.
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📌https://thelogic.co/news/exclusive/cerebras-ai-compute-toronto-staff/