CoreWeave closed a $650 million credit facility led by JPMorgan Chase, Goldman Sachs and Morgan Stanley, with participation from Barclays, Citi, Deutsche Bank, Jefferies, Mizuho, MUFG and Wells Fargo. Proceeds from this revolving credit facility will allow CoreWeave to continue scaling its global operations and equip its customers with the infrastructure to power the next generation of AI innovation.
This facility builds on the $12.7 billion raised from equity and debt investors over the last 18 months. These financings include a $7.5 billion debt financing facility led by Blackstone and Magnetar in May 2024. Coatue led CoreWeave’s $1.1 billion Series C in May 2024, following a $2.3 billion debt financing facility led by Blackstone and Magnetar in August 2023.
“This credit facility provides additional liquidity to accelerate our growth strategy and capitalize on new opportunities in the rapidly evolving AI space,” Mike Intrator, CEO and co-founder of CoreWeave, said. “The incredible support from this syndicate enables us to continue scaling cutting-edge solutions for our clients. Our investors and financial partners recognize that CoreWeave can deliver a superior compute experience grounded in our software advantage. That’s also why the world’s leading AI enterprises host their training and inference on CoreWeave infrastructure, and why they keep coming back for more capacity.”
