CoreWeave
Founded Year
2017Stage
Line of Credit | AliveTotal Raised
$12.127BValuation
$0000Last Raised
$650M | 1 mo agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+16 points in the past 30 days
About CoreWeave
CoreWeave is a specialized cloud provider that focuses on delivering GPU-accelerated compute resources. The company offers a range of services, including GPU and CPU compute solutions, managed Kubernetes, virtual servers, storage, and networking, all designed to support compute-intensive tasks such as VFX & Rendering, Machine Learning & AI, and Pixel Streaming. It primarily caters to sectors that require high-performance computing, such as the machine learning, visual effects, and artificial intelligence industries. CoreWeave was formerly known as Atlantic Crypto. It was founded in 2017 and is based in Roseland, New Jersey.
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ESPs containing CoreWeave
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The cloud graphics processing unit (GPU) market offers compelling reasons for customer interest by providing powerful computational resources for graphics-intensive and parallel processing workloads. This market focuses on delivering GPU capabilities through cloud-based platforms, enabling users to leverage high-performance computing without the need for on-premises infrastructure. By investing in…
CoreWeave named as Outperformer among 15 other companies, including Advanced Micro Devices, NVIDIA, and IBM.
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Research containing CoreWeave
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned CoreWeave in 7 CB Insights research briefs, most recently on Oct 29, 2024.
Oct 29, 2024 report
State of AI Q3’24 Report
Jul 30, 2024 report
State of AI Q2’24 Report
Jul 3, 2024 report
State of Venture Q2’24 Report
Jul 13, 2023 report
State of Venture Q2’23 Report
Expert Collections containing CoreWeave
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
CoreWeave is included in 2 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,249 items
Artificial Intelligence
6,888 items
Latest CoreWeave News
Oct 29, 2024
Markets After 300% Stock Rally, Jefferies Says This Bitcoin Miner Has More Room To Run Up On AI Demand 1 Comment In a recent development, leading financial services firm Jefferies has commenced coverage of Bitcoin miner Core Scientific Inc. CORZ with a ‘Buy’ rating, underscoring its potential to leverage the burgeoning demand for artificial intelligence (AI). What Happened: Jefferies analysts were optimistic about Core Scientific’s prospects, citing its robust power supply and data center development team as key factors in its ability to meet the escalating AI demand, Coindesk reported Monday. Consequently, the bank has initiated coverage of the stock with a buy rating and a $19 price target. Jefferies analysts Jonathan Petersen and Jan Aygul highlighted the company’s 12-year contract with Nvidia-backed cloud provider CoreWeave to provide infrastructure for AI use cases and said that a successful execution would pave the way for more such deals in the future. They also pointed out that the firm’s bitcoin mining operations continue to be profitable and are becoming increasingly efficient. A “buy” rating on a stock means that the analyst believes the stock is undervalued and has the potential to increase in price. Why It Matters: Core Scientific’s journey in 2024 has been marked by significant milestones. The company emerged from Chapter 11 bankruptcy in January earlier this year and saw its shares relist on Wall Street. Since then, the stock has surged 312%, largely driven by a recovery in Bitcoin's price and the company’s shift to a high-performance computing model, servicing data center demand for AI applications. In a recent interview with Benzinga , CEO Adam Sullivan said that in contrast to the volatile Bitcoin mining business, the AI business offers a "predictable, long-term, and profitable” revenue stream. Price Action: Shares of Core Scientific popped 6.21% to $14.20 during Monday’s regular trading session, according to data from Benzinga Pro . The broader Bitcoin mining sector also saw gains, with the Valkyrie Bitcoin Miners ETF WGMI surging over 10%. Read Next:
CoreWeave Frequently Asked Questions (FAQ)
When was CoreWeave founded?
CoreWeave was founded in 2017.
Where is CoreWeave's headquarters?
CoreWeave's headquarters is located at 101 Eisenhower Parkway, Roseland.
What is CoreWeave's latest funding round?
CoreWeave's latest funding round is Line of Credit.
How much did CoreWeave raise?
CoreWeave raised a total of $12.127B.
Who are the investors of CoreWeave?
Investors of CoreWeave include Deutsche Bank, Goldman Sachs, Mitsubishi UFJ Financial Group, J.P. Morgan Chase, Wells Fargo and 34 more.
Who are CoreWeave's competitors?
Competitors of CoreWeave include DataCrunch, Soluna Cloud, Graphcore, Tenstorrent, Lambda and 7 more.
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Compare CoreWeave to Competitors
Lambda focuses on providing computation solutions in the technology sector. The company offers a range of products, including GPU clouds, clusters, servers, and workstations designed to accelerate deep learning and AI processes. Lambda primarily serves sectors such as research, defense, and entertainment. It was founded in 2012 and is based in San Jose, California.
The Cloud Minders specializes in scalable GPU cloud computing solutions for the AI and machine learning sectors. It offers supercomputing services designed to accelerate AI training and optimize AI inference, catering to innovators and researchers. The company was founded in 2021 and is based in Atlanta, Georgia.
Cerebras focuses on artificial intelligence (AI) work in computer science and deep learning. The company offers a new class of computers, the CS-2, which is designed to train AI models efficiently with applications in natural language processing (NLP), computer vision, and computing. Cerebras primarily serves sectors such as health and pharma, energy, government, scientific computing, financial services, and web and social media. It was founded in 2016 and is based in Sunnyvale, California.
TEN AI is a company focused on democratizing artificial intelligence through service creation, operating within the AI infrastructure and MLOps industry. The company offers a fully managed AI MLOps platform, AI Pub, which facilitates the development and operation of AI by integrating tools and environments that enable anyone to develop and service AI, leveraging GPU resource management and Kubernetes technology. TEN AI primarily serves businesses and individuals looking to produce and share value through AI, offering solutions that simplify the deployment and operation of AI services. It was founded in 2020 and is based in Seoul, South Korea.
Groq specializes in AI inference technology within the artificial intelligence sector. The company offers a hardware and software platform that is designed to provide compute speeds and energy efficiency for AI applications. It was founded in 2016 and is based in Mountain View, California.
Blaize specializes in AI processing solutions with a focus on AI hardware architecture and software platforms for various industries. It offers a full-stack hardware architecture and a no-code software platform designed to simplify and accelerate the deployment of AI applications from data centers to the network's edge. Blaize primarily serves sectors such as automotive, smart vision, and enterprise computing. Blaize was formerly known as ThinCI. It was founded in 2010 and is based in El Dorado Hills, California.
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