CoreWeave Raises $200M in Series B Extension
Summary
CoreWeave, a Roseland, NJ-based provider of a specialized cloud built for large-scale GPU-accelerated workloads, raised $200M in Series B Extension funding. It came just one month after the company announced $221M in Series B funding, also led by Magnetar, bringing the total for the round to $421M. The company intends to use the funds to expand operations and its business reach. Founded in 2017 and led by CEO Michael Intrator, CoreWeave is a specialized cloud provider, delivering a massive scale of GPU compute resources. The company builds cloud solutions for compute-intensive use cases such as VFX and rendering, machine learning and AI, batch processing and pixel streaming.
Funding
Amount
$200.0M
Total raised
Date
May 31, 2023
Announcement date
Investors
-
Lead investors
Company
http://www.coreweave.com
Funded company
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