CoreWeave, a Roseland, NJ-based provider of customized solutions for workloads, received $7.5 Billion in debt financing.
The debt financing facility was led by funds managed by Blackstone, with strategic participation from Magnetar (Co-Lead Investor) and Coatue. Participation in the financing also included Carlyle, CDPQ, DigitalBridge Credit, funds and accounts managed by BlackRock, Eldridge Industries, and Great Elm Capital Corp.
The company intends to use the funds to further develop its fleet of high-performance compute to execute existing contracts with leading enterprise customers and AI innovators.
Founded in 2017 and led by CEO Michael Intrator, CoreWeave is an AI scaler designed to power the most complex workloads with customized solutions at scale. Its portfolio of technology delivers a broad range of capabilities for machine learning and AI, graphics and rendering, life sciences, real-time streaming, and more.
The company operates a footprint of data centers covering every region of the US.
FinSMEs
19/05/2024