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Coreweave Secures $2.3 Billion Debt Financing Facility Led By Magnetar Capital And Blackstone To Meet Surging Demand And Ongoing Expansion Of Specialized Cloud Infrastructure To Power Ai

PUBLIC · CRWVAug 03, 2023

Amount Raised

$2.3 Billion

Round Type

Debt Financing

LivingstonInformation TechnologyProfessional ServicesSoftwareData And Analytics

Investors

Daniel GrossNat FriedmanNvidiaCore WeaveCarlyleMagnetarDigital Bridge CreditBlack RockCoatueBlackstone Tactical OpportunitiesBlackstonePimcoMagnetar Capital

Description

CoreWeave, a specialized cloud provider of large-scale GPU-accelerated workloads, today announced it has secured a $2.3 billion debt financing facility. The funding was led by Magnetar Capital and funds managed by Blackstone Tactical Opportunities ("Blackstone") with strategic participation from leading asset management firms Coatue and DigitalBridge Credit, and funds and accounts managed by BlackRock, PIMCO, and Carlyle.

Quick answer

CoreWeave raised $2.3 Billion in a Debt Financing round, dated August 3, 2023. Investors: Daniel Gross, Nat Friedman, Nvidia, Core Weave, Carlyle, Magnetar, Digital Bridge Credit and Black Rock. CoreWeave is based in Livingston, New Jersey, United States.

How much did CoreWeave raise?
CoreWeave raised $2.3 Billion in a Debt Financing round on August 3, 2023.
Who invested in CoreWeave?
Daniel Gross, Nat Friedman, Nvidia, Core Weave, Carlyle, Magnetar, Digital Bridge Credit and Black Rock are named as investors in this round.
What does CoreWeave do?
CoreWeave is a specialized cloud provider, delivering a massive scale of accelerated compute resources on top of the industry's fastest & most flexible infrastructure.
Where is CoreWeave based and how big is it?
CoreWeave is based in Livingston, New Jersey, United States. Fundz records about 1,847 employees.
Who are the decision-makers at CoreWeave?
Fundz holds 2 contacts at CoreWeave, including the Executive Officer, Director. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Professional Services and Data And Analytics around the same time

Companies in the same sectors as CoreWeave that raised within 45 days of this round, from Fundz verified event records.

  • Relativity6, Inc. raised $1.5M (Seed) on September 15, 2023.
  • Veza raised an undisclosed amount (Corporate Round) on September 12, 2023.
  • d-Matrix raised $110M (Series B) on September 6, 2023.
  • Wayflyer raised $1B (Debt Financing) on September 5, 2023.
  • Modular raised $100M (Funding Round) on August 24, 2023.
  • Ceres Imaging raised $25M on August 14, 2023.

Who to call at CoreWeave, and when

A new round usually means CoreWeave is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

CoreWeave

Location

290 W. Mt. Pleasant Avenue, Suite 4100

Livingston, New Jersey, United States

About

CoreWeave is a specialized cloud provider, delivering a massive scale of accelerated compute resources on top of the industry's fastest & most flexible infrastructure. CoreWeave builds cloud solutions for compute intensive use cases - VFX / Rendering, Machine Learning & AI, Batch Processing, Pixel Streaming and Blockchain - that are up to 35x faster and 80% less expensive than the large, generalized public clouds. SOURCE CoreWeave

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Fundz sees it the moment CoreWeave raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

2 contacts
Verified contactsBrian V., Executive Officer, Director hiddenSee plans and pricing
Predictive Intelligence
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CoreWeave raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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