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AI hyperscaler CoreWeave raises US$1.1 billion in new funding

The raising comes following a busy 2023 when CoreWeave increased its data centre presence from three to 14, and quadrupled its employee headcount.

By João Marques Lima

Founder and Editor, The Tech Capital

2 Mins

May 31, 2024 | 2:18 PM BST

AI hyperscaler CoreWeave raises US$1.1 billion in new funding

Mike Intrator, co-founder and CEO of CoreWeave

The Tech Capital

AI hyperscaler, CoreWeave has secured US$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, Lykos Global Management, funds managed by Blackstone, Eric Schmidt, and Jane Street Group.

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João Marques Lima

Founder and Editor, The Tech Capital

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