TechFlow news, according to PRNewswire, AI-focused cloud services provider CoreWeave announced the completion of an $1.1 billion Series C funding round led by Coatue, with participation from Magnetar (a major investor in the previous round), Altimeter Capital, Fidelity Management & Research Company, and Lykos Global Management.
The new funding will support rapid growth across CoreWeave's business areas and expansion into new regions to meet the surging global demand for GPU-accelerated cloud infrastructure. Mike Intrator, co-founder and CEO of CoreWeave, said the company’s position as a critical infrastructure provider for AI development continues to strengthen, and sustained confidence from top-tier investors validates the significant opportunity it holds in defining the next generation of cloud computing.
