Debt funding of $7.5 billion was provided to CoreWeave, a workload solutions provider with headquarters in Roseland, New Jersey.
Investors
- Blackstone
- Coatue
- Magnetar
- Carlyle
- CDPQ
- DigitalBridge Credit
- Funds and accounts administered by BlackRock, Eldridge Industries, and Great Elm Capital Corp.
Use of funds
The business plans to utilize the money to expand its fleet of high-performance computers in order to carry out its current contracts with top enterprise clients and pioneers in artificial intelligence.
About CoreWeave
CoreWeave is an AI scaler that was founded in 2017 and is run by CEO Michael Intrator. Its mission is to power the most complicated workloads at scale with tailored solutions. A wide range of capabilities for machine learning and artificial intelligence, graphics and rendering, life sciences, real-time streaming, and other areas are provided by its portfolio of technologies.
The organization manages a network of data centers that spans all US regions.