CoreWeave, a Roseland, NJ-based cloud platform provider, closed a secondary minority investment of $650M.
It was led by investors Jane Street, Magnetar, Fidelity Management & Research Company and entities administered by Macquarie Capital, with additional participation from Cisco Investments, Pure Storage, funds and accounts managed by BlackRock, Coatue, Neuberger Berman and others.
The company intends to use the funds to expand operations its development efforts.
Led by CEO Mike Intrator, CoreWeave delivers a cloud platform purpose-built for highly complex and demanding computing needs. Used by some of the world’s leading AI labs and enterprises, the solution manages complexity through automation to maximize infrastructure performance and efficiency, empowering customers to get to market faster.
Since 2017, CoreWeave has operated a growing footprint of data centers across the US and Europe.
Commenting on the news, Mike Intrator said: “The recognition from both institutional and strategic investors underscores our position as a leading AI hyperscaler to build, train and serve some of the most significant AI workloads running today.”
