CoreWave, a Roseland, a NJ-based provider of a specialized cloud for large-scale GPU-accelerated workloads, received a $100M investment from Magnetar Capital.
The company intends to use the funds to grow and scale, meeting the demand for its specialized cloud infrastructure.
Led by CEO Michael Intrator, CoreWeave builds cloud solutions for compute intensive use cases — digital assets, VFX and rendering, machine learning and AI, batch processing and pixel streaming. The company offers access to NVIDIA HGX H100 supercomputing — joining Amazon, Google, Microsoft and Oracle as the initial cloud providers to supply the trailblazing AI platform. The company leverages a range of open-source Kubernetes projects, integrates with best-in-class technologies such as Determined.AI and offers support for open-source AI models including Stable Diffusion, GPT-NeoX-20B and BLOOM as part of its mission to lead the world in AI and machine learning infrastructure.
FinSMEs
06/12/2022