Series B · AI
CoreWeave raises $221 million Series B to expand its GPU cloud
Magnetar Capital led the April 2023 financing, joined by NVIDIA, Nat Friedman and Daniel Gross.
CoreWeave announced a $221 million Series B on 20 April 2023 to expand its US data centre capacity and grow its team. Magnetar Capital led the round and contributed $111 million.
NVIDIA, Nat Friedman and Daniel Gross provided the rest of the investment. The financing valued CoreWeave at $2 billion before the new capital and brought its total raised at the time to $371 million.
The company planned to open two additional data centres that year. Its GPU cloud served workloads such as AI training and inference, visual effects, rendering and batch processing.
Use of funds
Expand US data centre capacity
Grow the engineering and operations team
Funding history
Series B · This round$221M