Coreweave, A Gpu-focused Cloud Compute Provider, Lands $221m Investment

CoreWeave, an NYC-based startup that began as an Ethereum mining venture, has secured a large tranche of funding as it continues to transition to a general-purpose cloud computing platform. The tranche, which values CoreWeave at $2 billion pre-money and brings the company’s total raised to $371 million, will be used to support CoreWeave’s U.S.-based data center expansion with the opening of two new centers this year. CoreWeave provides access to over a dozen SKUs of Nvidia GPUs in the cloud, including H100s, A100s, A40s and RTX A6000s, for use cases like AI and machine learning, visual effects and rendering, batch processing and pixel streaming.