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CoreWeave raises $1.1B

By TechTaffy Desk

Roseland, N.J.-based CoreWeave, a specialized cloud provider for AI, has secured $1.1 billion in a Series C funding round. The investment was led by Coatue, with participation from Magnetar, Altimeter Capital, Fidelity Management & Research Company, and Lykos Global Management.

In the past year, CoreWeave has closed a secondary investment of $642 million in December, following a $420 million primary led by Magnetar in April 2023. The company also secured a $2.3 billion debt financing facility led by Magnetar and Blackstone in August. Additionally, CoreWeave increased its data center presence from three to 14 and quadrupled its employee headcount.

[Image courtesy: CoreWeave]

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