CoreWeave, the AI Hyperscaler, closed a minority investment of $650 million led by investors Jane Street, Magnetar, Fidelity Management and entities administered by Macquarie Capital, with additional participation from Cisco Investments, Pure Storage, funds and accounts managed by BlackRock, Coatue, Neuberger Berman and others.
“The support from some of the leading financial institutions and technology innovators demonstrates the strength of and confidence in our AI Cloud platform from the market,” Mike Intrator, CEO and co-founder of CoreWeave, said. “The recognition from both institutional and strategic investors underscores our position as a leading AI hyperscaler to build, train and serve some of the most significant AI workloads running today.”
The news follows CoreWeave’s recently announced $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.
CoreWeave engaged Morgan Stanley and Goldman Sachs in connection with this transaction.
