Coreweave Secures $100M To Expand Nvidia Hgx H100 Gpu Offering, Usher In New Era Of Ai Innovation

Dec 06, 2022•about 3 years ago

Amount Raised

$100 Million

New YorkInformation TechnologySoftware

Investors

Magnetar Capital

Description

CoreWeave, a specialized cloud provider built for large-scale GPU-accelerated workloads, today announced it has secured $100 million from Magnetar Capital (“Magnetar”), a leading alternative asset manager based in Evanston, Ill., to scale its on-demand GPU compute resources for customers and democratize access to market disruptive AI products. This funding injection is Magnetar’s second investment in CoreWeave, following its first in November 2021.

Company Information

Company

CoreWeave

Location

101 Eisenhower Pkwy Ste 106

New York, New York, 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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