Fundz

Coreweave Secures $200 Million Series B Extension, Bringing Total Round To $421 Million

PUBLIC · CRWVMay 31, 2023

Amount Raised

$200 Million

Round Type

Series B

LivingstonInformation TechnologyProfessional ServicesSoftwareData And Analytics

Investors

MagnetarMagnetar Capital

Description

CoreWeave (“the company”), a specialized cloud provider built for large-scale GPU-accelerated workloads, today announced an additional $200 million in funding from Magnetar Capital (“Magnetar”), a leading alternative asset manager.

Quick answer

CoreWeave raised $200 Million in a Series B round, dated May 31, 2023. Investors: Magnetar and Magnetar Capital. CoreWeave is based in Livingston, New Jersey, United States.

How much did CoreWeave raise?
CoreWeave raised $200 Million in a Series B round on May 31, 2023.
Who invested in CoreWeave?
Magnetar and Magnetar Capital 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.

  • Leverage raised $7M (Funding Round) on July 14, 2023.
  • Ex Fusion raised $1.8B (Seed) on July 6, 2023.
  • Bluon, Inc. raised $900K on June 30, 2023.
  • Celestial AI raised $100M (Funding Round) on June 29, 2023.
  • Redpanda raised $100M (Funding Round) on June 27, 2023.
  • Relode raised $1M (Seed) on June 23, 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.

  • An alert the day CoreWeave raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at CoreWeave, from your own LinkedIn network

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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
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

CoreWeave raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.