CoreWeave Secures $1.1 Billion Funding, Indicating a Surge in Demand for Alternative Cloud Solutions
The demand for alternative cloud solutions has never been higher. A case in point is CoreWeave, a GPU infrastructure provider that initially started as a cryptocurrency mining operation. This week, CoreWeave secured $1.1 billion in funding from notable investors like Coatue, Fidelity, and Altimeter Capital, valuing the company at $19 billion post-money. With this latest investment, CoreWeave’s total funding has reached an impressive $5 billion in both debt and equity—an extraordinary achievement for a company still in its early years.