Status
Available
Last Round Valuation
$50 Billion
Share Price
$50.00
Already have an account? Sign In
CoreWeave is a specialized cloud provider, delivering a massive scale of GPUs on top of the industry’s fastest and most flexible infrastructure.
CoreWeave solves the critical problem of GPU availability and performance for AI and machine learning workloads. CoreWeave is an AI hyperscaler and is building the infrastructure to power the AI innovations that are already changing how businesses operate in the global economy. The company provides specialized cloud infrastructure that delivers a broad range of capabilities for machine learning and AI, graphics and rendering, life sciences, real-time streaming, and more. CoreWeave brings unmatched speed-to-market for advanced compute—enabling AI developers and companies to access high-performance GPU resources on-demand, reducing latency and improving overall user experience for AI applications while potentially lowering costs through more efficient resource utilization.
GPU Compute is CoreWeave's core service, providing access to a wide variety of NVIDIA GPUs, including the latest NVIDIA Blackwell and HGX H100 models. These are used for AI training, inference, rendering, and other GPU-intensive tasks.
In addition to GPUs, CoreWeave offers CPU-based compute resources for tasks that don't require GPU acceleration.
CoreWeave provides a Kubernetes-native cloud platform, allowing for easy deployment and management of containerized applications. Kubernetes is an open-sourced infrastructure to manage and automate workloads in the cloud. CoreWeave uses Kubernetes to ensure fast, reliable service.
CoreWeave offers virtual servers, which are partitioned spaces within a physical server that replicate the functionality of dedicated servers, providing seamless and transparent user experiences.
CoreWeave provides high-performance storage solutions, offering block, file system, and object storage options to complement their compute offerings.
CoreWeave offers advanced networking capabilities designed to support high-bandwidth, low-latency workloads, enabling seamless connection, communication, and interaction between their infrastructure and customer devices.
CoreWeave provides specialized solutions, including tailored services for VFX and rendering in the entertainment industry, optimized infrastructure for machine learning and AI workloads, dedicated inference services for AI model deployment, and pixel streaming solutions for graphics-intensive applications.
CoreWeave operates on a pay-as-you-go pricing model, where customers pay for the GPU resources they utilize, typically on an hourly basis. This model is attractive to clients as it eliminates the need for significant upfront investments in hardware and allows for flexible scaling.
According to The Information, in June 2023 CoreWeave's ~85% gross margins come from the difference between the cost of maintaining these resources (including the initial investment in hardware, ongoing electricity, cooling, maintenance, and support staff costs) and the revenue generated from customers paying to use these resources.
In May ’24, CoreWeave closed the largest private debt financing of all time - a $7.5 billion debt facility led by returning investor Blackstone, with strategic participation from Magnetar and Coatue. Participation also included Carlyle, PIMCO, CDPQ, DigitalBridge Credit, with funds and accounts managed by BlackRock, Eldridge Industries, and Great Elm Capital Corp.
In June 2024, CoreWeave announced that we will be opening three more data centers located in Norway, Sweden, and Spain, an additional $2.2 billion investment in Europe’s compute footprint.
According to Bloomberg, in October 2024 Cisco Systems agreed to invest in CoreWeave at a $23 billion valuation and is considering an initial public offering as soon as next year.
In October 2024, CoreWeave announced that it had closed a $650 million credit facility led by JPMorgan, Goldman Sachs, and Morgan Stanley, to expand its business and data center portfolio.
In November 2024, according to The Information, Microsoft plans to invest approximately $10 billion from 2023 through the end of the decade to leverage the startup’s data centers for running artificial intelligence models. Microsoft is likely CoreWeave’s largest customer by a wide margin, as the startup informed investors that its total signed contract value amounts to $17 billion. CoreWeave’s anticipated growth is expected to drive the startup to profitability on a net income basis this year. The company has informed investors of its plans to allocate $24 billion to capital expenditures over 2024 and 2025.
In November 2024, according to The Information, CoreWeave expects revenue to quadruple to $8 billion.
In November 2024, according to Bloomberg, CoreWeave selected Morgan Stanley, Goldman Sachs Group Inc. and JPMorgan Chase & Co. to lead its planned initial public offering. The company is planning to go public next year.
In November 2024, Reuters reported that CoreWeave is aiming to raise more than $3 billion in its IPO, valuing the startup at over $35 billion. The IPO may take place sometime during the second quarter next year.
Your access to private investment
Customers
Nulla malesuada justo velit, eget
Donec rhoncus sapien sit amet mauris consectetur convallis. Croin mollis eros vel orci.
Key Investors
Pellentesque tempus, ipsum id suscipit tristique, Aenean lacinia quis tortor sed, ornare Integer vel.
Size of Market
Mauris velit nisl, ultrices ut est quis, dapibus euismod tellus. Ut finibus ultricies sollicitudin. Vivamus a aliquet magna. Fusce lacinia urna in laoreet facilisis. Aliquam dignissim efficitur sapien eu convallis.
Market Position
Nam volutpat purus vel lacus pellentesque porttitor sed in orci. Vivamus porttitor sit amet tellus non sollicitudin. Suspendisse sit amet turpis nisi. In sem velit, interdum at augue id, eleifend tristique nunc, Maecenas scelerisque.
Industry
Mauris velit nisl
Primary Vertical
Artificial Intelligence
Employees
500
Mosaic Score
840
Money
760
Momentum
850
Management
760
Market
960
What is a Mosaic Score?
Name | Work History | Title | Status |
---|---|---|---|
John Smith | Aenean, quam eu, diam dignissim | Chief Executive Officer | Current |
John Smith | Aenean, quam eu, diam dignissim | Chief Executive Officer | Current |
John Smith | Aenean, quam eu, diam dignissim | Chief Executive Officer | Current |
John Smith | Aenean, quam eu, diam dignissim | Chief Executive Officer | Current |
Last Round
Sept. 2019, Series B1
Valuation Post-Money
$400.2M
Amount Raised
$2.5M
Total Funds Raised
$75.2M
Implied Valuation
$84M
Date | Round | Amount | Valuation | Investors |
---|---|---|---|---|
MM/DD/YYYY | Growth Equity | $1M | $2.8B | Name goes here |
MM/DD/YYYY | Growth Equity | $1M | $2.8B | Name goes here |
MM/DD/YYYY | Growth Equity | $1M | $2.8B | Name goes here |
MM/DD/YYYY | Growth Equity | $1M | $2.8B | Name goes here |
Company | Valued | Revenue |
---|---|---|
Coinbase San Francisco, CA |
$2.8B | $1.3B |
Coinbase San Francisco, CA |
$2.8B | $1.3B |
Coinbase San Francisco, CA |
$2.8B | $1.3B |