CoreWeave, a Roseland, NJ-based provider of a specialized cloud built for large-scale GPU-accelerated workloads, raised $200M in Series B Extension funding.
Magnetar Capital made the extension investment. 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. These solutions are said to be faster and less expensive than larger, more generalized cloud providers.
FinSMEs
31/05/2023