CoreWeave, a Roseland, NJ-based specialized cloud provider built for large-scale GPU-accelerated workloads, raised $221M in Series B funding.
The round was led by Magnetar Capital with contributions from NVIDIA, and rounded out by Nat Friedman and Daniel Gross.
The company intends to use the funds to further expand its specialized cloud infrastructure for compute-intensive workloads – including artificial intelligence and machine learning, visual effects and rendering, batch processing and pixel streaming – to meet the demand for generative AI technology, as well as grow U.S.-based data center capacities with the opening of two new centers this year, bringing its total North American-based data centers to five.
Founded in 2017 and led by CEO Michael Intrator, CoreWeave is a specialized cloud provider, delivering a massive scale of GPU compute resources on top of the industry’s fastest and most flexible infrastructure. The company builds cloud solutions for compute intensive use cases — VFX and rendering, machine learning and AI, batch processing and pixel streaming.
FinSMEs
20/04/2023