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Venture Capital News: CoreWeave Closes $1.1 Billion in Series C Funding

2024-05-01
ROSELAND, NJ, CoreWeave announces it has secured $1.1 billion in new funding, led by Coatue.
CoreWeave, the leading specialized cloud provider for AI, announced it has secured $1.1 billion in new funding, led by Coatue, with participation from Magnetar who led the last primary round, as well as Altimeter Capital, Fidelity Management & Research Company, and Lykos Global Management. New funding will be used to support the rapid growth across all areas of the business, and CoreWeave's expansion into new geographic regions to meet the explosive demand for GPU accelerated cloud infrastructure worldwide.
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