TechFlow news: Cloud service provider and Ethereum mining company CoreWeave announced the completion of a $221 million Series B funding round led by Magnetar Capital, with participation from NVIDIA, former GitHub CEO Nat Friedman, and former Apple executive Daniel Gross. Magnetar contributed $111 million, while the remaining investment was shared among NVIDIA, Friedman, and Gross. A spokesperson for NVIDIA stated that this investment represents a "deepening" of its partnership with CoreWeave.
Mike Intrator, CEO of CoreWeave, said the financing values the company at $2 billion pre-money, bringing its total raised capital to $371 million. The funds will support CoreWeave's data center expansion in the United States, including the opening of two new centers this year. CoreWeave currently operates five data centers across North America.
