Nvidia-backed CoreWeave Raises $7.5 Billion in Debt Financing to Enhance AI Infrastructure

May 17, 2024, 12:29 PM

CoreWeave, an artificial-intelligence cloud-computing startup backed by Nvidia, has secured $7.5 billion in debt financing from investors including Blackstone, Carlyle Group, BlackRock, and Magnetar. This financing comes two weeks after CoreWeave raised $1.1 billion in equity. The funds will be used to purchase GPUs, servers, and networking equipment to enhance its AI infrastructure capabilities. The company has raised a total of $12 billion in the past year, positioning itself as a leader in AI infrastructure.