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CoreWeave Secures $650 Million Investment Led by Jane Street, Cisco, and Pure Storage, Valued at $23 Billion

Nov 13, 2024, 08:45 PM

CoreWeave, an AI cloud services provider, has successfully closed a $650 million minority investment, primarily through a secondary share sale. The investment was led by notable financial institutions including Jane Street, Magnetar, Fidelity Management, and Macquarie Capital, which together have valued the company at approximately $23 billion. Cisco and Pure Storage are among the prominent tech companies participating in this funding round, highlighting CoreWeave's growing influence in the AI sector as a leading provider of NVIDIA GPUs and cloud computing services tailored for AI-intensive applications. This funding will enable CoreWeave to further support complex AI workloads as demand for such services continues to rise.