CoreWeave Analysis: $12B Raised
What is CoreWeave?
AI cloud platform for GPU computing
Employees
1001-5000
Founded
2017
Latest Funding Round Size
$12.487B
Market Position
Challenger
Product Features & Capabilities
- GPU compute services for AI workloads
- CPU compute services for diverse applications
- flexible storage solutions tailored for AI
- high-performance networking for optimal connectivity
- managed software services for infrastructure management.
Use Cases
Train AI models efficiently using GPU resources; Perform large-scale AI inference with minimal latency; Monitor and manage AI workloads in real-time; Scale AI infrastructure rapidly to meet demand; Optimize performance with automated lifecycle management.
How much CoreWeave raised
Funding Round - $12.487B
RecentOther Considerations
Partnered with leading AI innovators like OpenAI; First to deploy NVIDIA GB300 NVL72 for AI workloads; Recognized with SemiAnalysis Platinum ClusterMAX™ Rating.
Future Outlook
CoreWeave projects a strong growth outlook for the AI industry, anticipating $8 billion in revenue for 2025, which represents a 730% increase from $1.9 billion in 2024. This projection aligns with broader industry expectations, as IDC estimates that AI will contribute nearly $20 trillion to global GDP by 2030. CoreWeave's recent IPO is seen as a significant moment in the AI boom, indicating their confidence in the industry's future growth.
Recent Acquisitions
CoreWeave has made two notable acquisitions in the last two years:
1. In October 2023, CoreWeave acquired Weights & Biases, an AI developer platform for deep learning, for $1.7 billion.
2. In early 2023, CoreWeave reportedly made a $1 billion bid to acquire Core Scientific, a cryptomine and HPC hosting firm.
1. In October 2023, CoreWeave acquired Weights & Biases, an AI developer platform for deep learning, for $1.7 billion.
2. In early 2023, CoreWeave reportedly made a $1 billion bid to acquire Core Scientific, a cryptomine and HPC hosting firm.
Awards Recognition
- Insider's AI100 for 2023 - CoreWeave CEO Mike Intrator was named to Insider's AI100 list, which recognizes influential figures in artificial intelligence.
- USA Today's 'Top Workplaces for 2024' - CoreWeave was recognized as one of the top workplaces, highlighting its positive work environment and culture.
- Entrepreneur Of The Year 2024 Award - Mike Intrator was recognized for his leadership in steering CoreWeave to become a significant player in cloud computing for AI workloads.
